RetireBase

RetireBase is an advanced retirement calculator designed to estimate how much money you can save until retirement. The main goal of the app is to compare the savings with the expenses in order to check if you have enough to support your lifestyle.

If you are thinking about retirement and want to start a saving plan, the first step is to estimate how much money you need to have at your retirement date. Then, you would have to calculate the amount required every year and take into consideration taxes, interest and other benefits which can be a difficult task.

This tool allows you to perform all these calculations by entering your incomes, expenses, planned retirement date and other parameters such as the inflation rate. It also takes into consideration the social security retirement benefits and other income sources.

The interface of the app is quite crowded and most users can feel overwhelmed by the volume of information required to perform the estimation. However, you can take advantage of the available wizard that guides you through all the required steps and provides additional data for each step.

When you start the program you are provided with a set of examples that you can use to create your own cash-flow. As you can notice from the main window, the calculation is only available for Canada and the United States users.

The cash-flow is updated every time you make a modification to the parameters which enables you to check the impact of a certain change. The Retire Cash Flow window displays the trends and provides you with a brief interpretation of the graphs.

RetireBase allows you to create multiple scenarios and compare the results which makes it a good choice for the users who need to decide on a saving strategy for their retirement date.