In this retirement planning app, users input financial data to estimate their retirement age and explore different scenarios. Includes features for saving plans, sharing via messaging, and viewing financial summaries in charts.
AppRecs review analysis
AppRecs rating 3.7. Trustworthiness 72 out of 100. Review manipulation risk 22 out of 100. Based on a review sample analyzed.
★★★☆☆
3.7
AppRecs Rating
Ratings breakdown
5 star
52%
4 star
15%
3 star
5%
2 star
5%
1 star
23%
What to know
✓
Low review manipulation risk
22% review manipulation risk
✓
Credible reviews
72% trustworthiness score from analyzed reviews
✓
Good user ratings
67% positive sampled reviews
About When Can I Retire
You may have retirement savings in a 401(k), 403(b), or 457(b) plan. You may also have an IRA or cash and investments. Find out when you will be able to retire based on your financial circumstances.
**App Highlights**
*The "When Can I Retire" app calculates your retirement age based on numerous optional inputs such as your current salary, yearly salary increase, yearly retirement contribution, yearly contribution increase, employer matching contribution, post-retirement expense, social security, and other retirement income.
*The unique app factors in the retirement age calculation that you cannot withdraw your retirement savings from a 401(k) plan, 403(b) plan, or an IRA before you turn 59 ½ without incurring a possible 10% penalty. However, you can withdraw your retirement savings from a 457(b) plan without facing an early withdrawal penalty.
*The app considers that you can contribute only up to a specific maximum limit to your employer-sponsored retirement plan. For example, you can contribute a maximum of 23,000 dollars to your 401(k), 403(b), or 457(b) plan for this year as per the current law. However, there is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older.
*The app considers the combined total of your contributions and employer matching contributions to a 401(k) or 403(b) plan cannot exceed your salary or 69,000 dollars for this year as per the current law. There is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older.
*The app lays out a clear picture of your finances with both a pre-retirement and post-retirement plan.
*The app allows you to email your pre-retirement plan and post-retirement plan in tabular and graphical views to yourself or others.
*This app saves your inputs and retains them across the launches upon successful retirement age calculation.
*You can share the app via Text Message, WhatsApp, Facebook, or Twitter from within the app.
Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
**App Highlights**
*The "When Can I Retire" app calculates your retirement age based on numerous optional inputs such as your current salary, yearly salary increase, yearly retirement contribution, yearly contribution increase, employer matching contribution, post-retirement expense, social security, and other retirement income.
*The unique app factors in the retirement age calculation that you cannot withdraw your retirement savings from a 401(k) plan, 403(b) plan, or an IRA before you turn 59 ½ without incurring a possible 10% penalty. However, you can withdraw your retirement savings from a 457(b) plan without facing an early withdrawal penalty.
*The app considers that you can contribute only up to a specific maximum limit to your employer-sponsored retirement plan. For example, you can contribute a maximum of 23,000 dollars to your 401(k), 403(b), or 457(b) plan for this year as per the current law. However, there is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older.
*The app considers the combined total of your contributions and employer matching contributions to a 401(k) or 403(b) plan cannot exceed your salary or 69,000 dollars for this year as per the current law. There is a catch-up contribution limit of an additional 7,500 dollars if you are aged 50 and older.
*The app lays out a clear picture of your finances with both a pre-retirement and post-retirement plan.
*The app allows you to email your pre-retirement plan and post-retirement plan in tabular and graphical views to yourself or others.
*This app saves your inputs and retains them across the launches upon successful retirement age calculation.
*You can share the app via Text Message, WhatsApp, Facebook, or Twitter from within the app.
Terms of Use: https://www.apple.com/legal/internet-services/itunes/dev/stdeula/
When Can I Retire Screenshots
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Reviews for When Can I Retire
FDAjdj
Very useful and insightful
Allows you to slice and dice your numbers in so many different ways. Graphs and charts are very useful. Great information. While not fully reliable, it gives great direction/guidance for financial planning.
jbose1
Don’t waste your time
Not very flexible, below average user interface / programming, and a paywall after you enter in all of your info.
