EvolveMyRetirement
Andrew
"I find this to be a really useful aid…"
I find this to be a really useful aid in comparing different approaches and seeing difference in realistic outcomes. it’s so important to see the distribution of potential outcomes rather than just an average.
In terms of addressing sequencing risk et cetera, it’s so important to understand the path dependent nature of return versus withdrawal.
Richard
"Useless"
Useless......
Useless
Mike Cluley
"Good useful tool"
I found this a very useful and easy to use tool.
The time it takes to input spending and other data will depend on how granular the user want to be.
This is the only UK-retail app I found that can run multiple (monte carlo) simulations varying spending, investment returns etc.
I will continue to use it periodically to review my retirement situation.
dab
"A useful retirement planning tool based on a probabilistic approach"
A useful tool based on a probabilistic approach to the financial side of retirement planning (both before and during retirement). It’s quite complex, although the results obtained are presented in a simple and relatively easily understood way. It represents good value, providing that the time is taken to understand it properly before use (otherwise credits may be wasted unwisely).
Some minor gripes and requests:
I’m not sure why the software increases my initial discretionary spending beyond what I had specified, but then calculates a not totally trivial probability of running out of funds later on?
Can the Lifetime Allowance tax charge, if applicable, be listed separately in the results table for clarity and the % by which the limit is exceeded given? LTA planning (or worrying about it) is becoming a big issue these days, and I’m not sure if the software includes the additional check on growth of funds in drawdown at age 75.
Al
"Great retirement planning modelling tool"
Best retirement planning modelling tool I’ve come across, responsive support and constant updating to provide even better analysis
Dave Belton
"A great tool to help understand how…"
A great tool to help understand how your retirement pot will perform.
OliverR
"Very clever system indeed"
Very clever system indeed. Computes the most valuable financial planning information you need in your life at a tiny fraction of 1% of the cost of a financial adviser or wealth manager.
Phil
"Proved to be a very useful programme…"
Proved to be a very useful programme for retirement planning. Excellent and rapid response to queries. Programme improvements and additions made on a regular basis.
ED SYGROVE
"EvolveMyRetirement - best retirement planning web tool out there"
I love this tool and use it regularly to test various retirement scenarios to give me confidence that my funds will last and to help me plan the retirement we want/can have.
I have spoken to Nick, who develops and runs the site a couple of times and he has been very helpful.
I don't think there is a better retirement scenario planning tool out there.
plord
"Really great tool .."
Really great tool ... just whats needed
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