Retirement Outlook Estimator Reviews
2/5 rating based on 5 reviews. Read all reviews for Retirement Outlook Estimator for iPhone.
Retirement Outlook Estimator is free iOS app published by Transamerica Retirement Solutions Corporation
To simplistic to be useful
Prdparent
This app is useless if you are married, have different types of accounts, have a defined benefit plan, will receive Social Security, or have anything other than a single, simple 401k.
Too simple and too many assumptions
SmilingOnTheInside
This app is too simple and has too many assumptions such as a max of 30% savings. 'Aggressive' earnings is hard coded to 6%, although the national average is 7 (7.7%). No spouse or social security. There are much better calculators online.
Overly simplistic, not worth the data expenditure
JuliaGulia544
This app doesn't explain any of the assumptions that are taken into account in their model. While other models put someone currently 30 with 50k in retirement savings and deferring 15% of $60k in income in decent shape to retire at 65 with an 80% replacement ratio (with full explanation of inflation and growth assumptions), this model simply says the same person will have inadequate savings.