Planning Tools & Calculators

Retirement planning can seem daunting, but using the right tools can make it far more manageable by helping you estimate your savings needs, project how long your funds will last, and assess if you're on pace to meet your financial goals with a retirement planning calculator. In 2025, a variety of robust options exist—from free online tools to advanced financial software—and this guide explores the best retirement calculators available, detailing their features, pros, cons, and tips for selecting the one that suits your needs.

A common dilemma for retirees and pre-retirees is choosing between free retirement planning tools, which offer basic insights, and paid ones, which provide advanced features and personalized advice; this article compares the best of both, highlighting their pros, cons, and key differences to guide your decision.