Retirement planning
The planning screen projects where your accounts are heading, then lets you change one assumption at a time to see what actually matters.
Opening it
Tap the chart icon in the bottom menu, then Retirement Planning.
The headline number is your projected balance at retirement, with how far above or below your goal it lands. The chart plots the projection against the goal line.
What you can change
| Input | What it does |
|---|---|
| Monthly contributions | What you put into retirement accounts each month |
| Retirement age | When you stop earning |
| Current income | Today's income, used for replacement-rate assumptions |
| Past income | Used to estimate Social Security |
| Include spouse | Adds their retirement age, income, and past income |
Drag the contribution slider and the projection redraws immediately, tagged Simulated so you can tell a what-if from your saved plan. Nothing is saved until you tap Save plan.
Setting the goal
Tap Retirement goal to set:
- Yearly spending in retirement, meaning what you expect to actually live on
- Plan through age, or how long the money has to last
- Inflation, the assumption applied to future spending
The goal line on the chart comes from these three numbers, so if the goal looks wrong, this is where to fix it.
Planning as a household
Turn on Include spouse to model both of you together, with their retirement age, income, and past income get their own fields. If you have already invited your spouse, you are both looking at the same projection.
How to read it
A projection is a model, not a promise. It is most useful for comparisons:
- What one more year of work does
- What an extra few hundred a month does
- Whether retiring earlier is realistic
Treat the shape of the answer as the signal, and the exact number as an estimate.
Projections are hypothetical and based on the assumptions above. They are not a guarantee of future results, and actual returns will differ. Investing involves risk, including possible loss of principal.
Want to talk it through with a person? Profile → Contact an Advisor, or email support@alooola.com.