Retirement
Set up your retirement plan, pick your retirement age, and model Social Security claiming. Add a pension, run Monte Carlo simulations, and print a report.
These guides cover Beyond Payday's retirement tools, from guided setup to choosing a retirement age and life expectancy. You can model Social Security claiming ages, add a pension, set growth and inflation rates, and run a Monte Carlo simulation. Results are estimates built from your own numbers, and you can save and print a report.
Add a pension to your retirement plan
Add one or more pensions on the Retirement page with a monthly amount, start age, optional raise, and a lump sum instead of or on top of it.
Add extra spending money for retirement
Turn on Add extra spending money in retirement to add a monthly or yearly budget for travel, hobbies, or a buffer on top of your projected bills.
Downsize to a cheaper home in retirement
Model selling your home at any age and buying a cheaper one — the difference joins your nest egg, and ongoing taxes and insurance become a new expense.
How the retirement projection works
Beyond Payday simulates your finances month by month until your plan ends, across four account types, with taxes, Social Security and withdrawals.
Model Social Security claiming ages
See how claiming Social Security anywhere from 62 to 70 changes your monthly benefit and retirement projection, including spousal benefits and taxes.
Plan retirement when you're already retired
Turn on Already Retired mode to start your projection in withdrawal mode now, so you can see whether your savings will last through age 95.
Run a Monte Carlo retirement simulation
Switch your retirement projection from a single fixed-rate estimate to up to 10,000 randomized market scenarios, so you can see how your plan holds up.
Save and print a retirement report
Save a dated snapshot of your retirement plan and print it or save it as a PDF — with your assumptions, headline numbers, and income by source.
Sell your house and rent in retirement
Model selling your home and renting afterward — the sale pays off your mortgage, the proceeds join your nest egg, and rent becomes an inflating expense.
Set up your retirement plan with guided setup
Answer plain-language questions one at a time to fill in your retirement plan, with suggestions for anything you skip and a live read on your plan.
Set your growth and inflation rates
Set how much your investments grow each year and how fast prices rise each year on the Retirement page to control your projection's assumptions.
Set your retirement age and life expectancy
Drag the Age you stop working slider on the Retirement page to set when you and your spouse retire, and set an age to plan until for survivor benefits.