RetirePlan

Make you start thinking and planing

What have you done with the upgrade it’s a terrible upgrade , can’t see half of the index on the left margin and keeps going into portrait mode from landscape

This app is fundamentally broken. The reason for this is the lack of ability to enter things like the rate of tax, and to specify different rates of return for different asset types. Which renders the thing pointless, because to get anything close to a meaningful result, you have to go work a bunch of things out in a spreadsheet. And if you do that, then this app offers you nothing, as you can quite quickly build a model in Numbers or Excel in, maybe, fifteen minutes. And most importantly, that model will be far more accurate than this app offers. I'm guessing that the developer has gone for simplicity over accuracy, but the net result is an app that gives very misleading results. And hence, it can be worth no more than a single star.

I have recently started using this app having been recommended it by a financial advisor. It is very easy to use and has provided excellent clarity to my financial position which has given me the confidence to retire many years earlier than I originally envisaged. However I totally agree with another user’s comments in that the app should include the functionality to enter different rates of return for different asset categories. For example, in the UK, cash saving rates are as low as 1.5% but the forecast returns for stocks are likely to be significantly higher. This means you have to calculate a weighted average return dependant on the mix and value of assets held.

This app can be as easy or as detailed as you wish. To get started it is very easy, however as we move forward maybe decide to include an extra pension, varying rates of usage of funds or change the date when you retire-the app makes it really quite simple. It is also worth noting that the app takes the currency that the iPad is set for and it's not just for US dollars.

This app is excellent, and by far the best of it's type that I have come across. I have in fact used it to help me calculate out my savings and retirement income such that I cemented the confidence to retire 15 years early! Recent updates have added the ability to really stress some of the scenarios, like adding in a market crash and then vary rates of return as the market recovers, i.e. Just how the market works. As I say in my title, I have found this app so invaluable that I am going to buy some extra scenarios, not because I need them, but to reward the author with some income from the otherwise free app. £1.49 well spent! One development I would really like to see, if the author reads this, is to separate out savings and investments, so I could apply two different rates of return, and split my portfolio between these two. Until now I have had to assume things like a 4% market return, to take the average of savings v investments, and to input a 15% or 20% market crash when I really want to put 30 or 40%.

Responded to my new user queries within an hour. Brilliant.

What a great app for retirement scenario planning! I would pay for a regularly updated version with just a few improvements - such as the ability to save scenarios and graph different fields.

Excellent app thanks

Many thanks for making this great app work again. I was fed up when it stopped working for a few days, mainly because it was so useful. Now it is fixed and I am happy again. Thank you.