What’s so important about retirement calculators? Why are these tools of more than just technical interest? Well, they’re important because either you, or a financial planner, will use the results from a retirement calculator to make one of the most crucial decisions of your life: Are you financially independent yet, or not?
If you get this decision right, you can enjoy more of the freedom and fulfillment that everybody wants out of a complete human life. But, if you get this decision wrong, you could run out of money for healthcare or other essentials as you age, or you could waste years of your life doing unnecessary or unenjoyable work.
That’s why retirement calculators are important. And it’s why the review I wrote of the three best free retirement calculators, and a follow-up comparison of five free retirement calculators, have been the most popular posts on this site. Thousands of people have read these articles and, I hope, been motivated to analyze and better understand their own retirement trajectories.