Best Retirement Planning Software Tools for 2025

Why Use the Best Retirement Planning Software?

The best retirement planning software offers individuals the ability to assess their current financial situation, estimate future retirement needs, and create a strategic plan to reach their goals. The key benefits of using retirement planning tools include:

• Goal Setting: Helps define retirement goals such as income targets and age at retirement.
• Investment Tracking: Keeps track of retirement account balances, growth, and asset allocations.
• Tax Efficiency: Provides insights on tax-advantaged investment options and strategies for minimizing taxes in retirement.
• Cash Flow Projections: Offers forecasts of future income streams and expenses during retirement.
• Scenario Analysis: Simulates various retirement scenarios, showing how changes in savings, investment returns, or withdrawal rates impact long-term outcomes.

Choosing the right software can be a game-changer in ensuring a financially secure retirement. Below, we will highlight the best retirement planning software tools for 2025, focusing on key features, pricing, and user feedback.

Top Retirement Planning Software Tools in 2025

Below is a comparison of the best retirement planning software tools available in 2025, including their features, pricing, and ratings.

1. Personal Capital

Personal Capital is widely regarded as one of the best retirement planning software options for 2025. It offers a comprehensive suite of financial tools, including investment tracking, budgeting, and net worth tracking. The software provides retirement projections based on user input, helping you determine how much you need to save to reach your retirement goals. The free version includes essential features, while the premium version offers additional investment management tools and personalized retirement advice. Personal Capital’s robust dashboard and easy-to-use interface make it ideal for those looking to manage their finances holistically.

2. Fidelity Retirement Planner

Fidelity offers a retirement planning software that is both intuitive and effective for individuals seeking to project their retirement savings. It enables users to track their progress toward retirement, calculate the necessary savings, and understand the impact of different savings rates on retirement outcomes. Fidelity’s software is especially useful for individuals with Fidelity investment accounts but can also integrate with external accounts. This tool is free, making it a popular choice for budget-conscious investors.

3. MoneyGuidePro

MoneyGuidePro is known for being highly customizable and is widely used by financial advisors to create personalized retirement plans for clients. It offers in-depth retirement projections and scenario analysis, allowing users to simulate various retirement scenarios, including different retirement ages, savings rates, and income needs. The software's user-friendly interface and focus on goal setting make it one of the best retirement planning software tools on the market for 2025. MoneyGuidePro is particularly ideal for individuals looking for a detailed, structured approach to retirement planning.

4. eMoney Advisor

eMoney Advisor is a comprehensive financial planning platform that also excels in retirement planning. It provides users with the ability to set goals, track assets, and evaluate various retirement scenarios based on user inputs. The platform is highly regarded by financial professionals for its detailed reports and in-depth analysis tools. eMoney is best for individuals who want a thorough retirement plan backed by professional-grade software, though its pricing can be higher than other solutions.

5. SmartAsset Retirement Planner

SmartAsset offers a simple and free retirement planning software that includes features like retirement income projections, tax optimization, and Social Security analysis. It’s ideal for individuals who want to quickly understand how different financial decisions impact their retirement outlook. SmartAsset’s ease of use and free access make it an attractive option for those new to retirement planning or anyone looking for a basic retirement planner.

6. Retirement Planner by NewRetirement

NewRetirement’s tool provides an interactive experience, allowing users to experiment with different retirement scenarios, optimize taxes, and get personalized retirement strategies. The software includes features such as cash flow projections, Social Security planning, and healthcare cost forecasting. It’s an excellent choice for individuals who want to dive deep into their retirement planning with personalized insights.

7. WealthTrace

WealthTrace offers a more advanced retirement planning solution for those looking to model complex retirement scenarios. It includes features like Social Security optimization, tax strategy analysis, and estate planning. WealthTrace is perfect for users who want a comprehensive retirement plan with various what-if scenarios to better understand their future financial situation.

8. T. Rowe Price Retirement Planner

T. Rowe Price provides an easy-to-use retirement planning software that helps users project their retirement income and understand how different investment allocations can impact their retirement goals. It also offers tax-efficient retirement strategies, making it ideal for those seeking to optimize their retirement savings. This free tool is a great starting point for individuals who are new to retirement planning.

9. Betterment

Betterment offers automated retirement planning by creating customized investment portfolios designed to optimize for tax efficiency. The software helps users set retirement goals, manage asset allocation, and rebalance their portfolios to meet future income needs. Betterment’s unique selling point is its use of robo-advisors to make retirement planning easier and more accessible, although it does come with management fees based on the account balance.

10. Ycharts

Ycharts offers a comprehensive portfolio management platform that includes advanced retirement planning tools. Users can analyze their portfolios for risk, optimize investments for better returns, and simulate retirement scenarios. Although it’s priced higher than other tools on this list, Ycharts is ideal for individuals who are serious about managing their retirement portfolio in detail.

Conclusion

The best retirement planning software tools for 2025 offer a diverse range of features that cater to different needs, whether you are looking for an easy-to-use free tool or a more sophisticated platform with advanced planning capabilities. Whether you're looking to optimize your savings, minimize taxes, or simply track your retirement progress, these tools can help ensure that your financial future is secure. By carefully considering the features, pricing, and ease of use of each software, you can choose the tool that best suits your retirement planning needs.