Retirement calculators are not all created equal. And the differences between them are more than just an academic issue. Why? Because you’ll be using these tools to make one of the most important decisions of your life. If you’re approaching retirement, or want to someday, either you or an advisor will likely use a retirement calculator to answer the critical question: Do you have enough to retire in safety and comfort?
Unfortunately, even the best retirement calculators compute answers that can vary by 100% or more for the same retirement scenario. These are calculators developed and tested by leading financial experts and engineers. If they have difficulty achieving precision, what should the rest of us expect?