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Anyone heard of myfptools for retirement forecasting - is it legit?
Lornsy
Posts: 15 Forumite
I'd like to use a free or low cost online tool for retirement forecasting. Is this one legit? Good?
https://myfptools.co.uk/savings-model
Or does anyone have any alternatives they'd recommend?
Thanks!
https://myfptools.co.uk/savings-model
Or does anyone have any alternatives they'd recommend?
Thanks!
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Comments
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I am not sure what you mean by retirement forecasting. Maybe take a look at guiide.co.ukI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
Thank you @MallyGirl. What I mean is a platform where I can put in expected spend rate, pensions, ISAs, income etc, and adjust it up and down to forecast if I'd have what I need.0
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I quite like cFIREsim as it's simple and friendly.Note that it uses US data and might be a bit optimistic for a UK retiree.N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Kirk Hill Co-op member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 35 MWh generated, long-term average 2.6 Os.0 -
The thread at https://forums.moneysavingexpert.com/discussion/6414120/uk-retirement-planning-tools has links to a number of retirement planning tools that you might find useful.
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Ficalc.app is pretty usefulQrizB said:I quite like cFIREsim as it's simple and friendly.Note that it uses US data and might be a bit optimistic for a UK retiree.0
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