Retirement Income Planner 4+
Optimize income, save on taxes
45 Adapter LLC
Designed for iPad
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- Free
- Offers In-App Purchases
Screenshots
Description
Not sure how to turn your savings into income in retirement?
No problem! Install the app now to validate your budget and optimize your retirement spending.
Bonfire Retirement Planner helps you increase your retirement income and extend the life of your savings.
You can plan retirement income at the level of risk you are comfortable with, whether your goals are to maximize your income or to leave a larger inheritance.
At the heart of the planner is a Monte Carlo simulator that assesses the risk of your plan. We make it easy to find an option that matches your income needs and risk level.
We customize plans to your financial situation. After entering basic financial information, including data about the assets and income that you'll have in retirement, we use advanced planning algorithms to find the best options for your situation.
No account creation or login is required. Your financial data stays on your device.
Bonfire Retirement Planner includes a tax optimizer that estimates the tax efficiency of your plan. The tax optimizer will test multiple tax strategies to find the one that saves you the most money.
Our tax planning features can save you tens of thousands of dollars in taxes during your retirement.
FREE FEATURES:
• Income planning by risk level
• Monte Carlo analysis
• Federal tax estimation
• Pre-retirement contributions
• Required Minimum Distribution (RMD) calculations
• Retirement income modeling (such as pensions or Social Security)
• Private and secure, your financial data stays on your device
PAID FEATURES:
• All Free features, plus:
• Export plan data via email
• Cost basis tracking in asset accounts
• 'Fixed Percent' withdrawal strategy
• 'Ceiling / Floor' withdrawal strategy
• 'Proportional' sequencing strategy
• 'Early Tax-Deferred' sequencing strategy
• 'Fill 15% Tax Bracket' sequencing strategy
Read more at https://bonfireplan.com/docs/
Bonfire Retirement Planner is the easiest, safest way to generate income from your portfolio in retirement.
What’s New
Version 1.0.18
Increase your retirement income, save money on taxes, and make your savings last longer.
Changes in this version:
* Fixed scenario where upgrade purchase price could be listed incorrectly
Thank you for using Bonfire Retirement Planner! Don't hesitate to contact us with feedback or questions about using the app by email at support@bonfireplan.com.
Ratings and Reviews
First look looks good
Simple interface and rapid response provides results that are in line with another monte carlo retirement simulator that I use. I’m interested in trying the paid version but have a few questions:
1) Does paid version allow for adding in large item spends for specific years after retirement?
2) Can output be printed or viewed on a larger screen
3) Can scaling of graphs be modified?
All in all the free version is a really nice job.
Developer Response ,
Thanks for the feedback! You can handle expenses by entering income items with a negative dollar amount. This can be done for a single year or may span multiple years for things such as college expenses.
Our roadmap includes providing the ability to export data and graphs, but that feature has not been implemented yet.
The graphs scale when the app runs on larger devices. You can zoom in on the graphs using the iOS accessibility zoom feature, but the app doesn't support scaling the graphs on its own.
Don't hesitate to contact us at support@bonfireplan.com with additional questions or feedback. Thanks!
Really like this app
Been playing with it, comparing to other Monte Carlo sims. Very nice. Is there an option or possible future field to add “in Todays Dollars”? Would be helpful in estimating Median Balances after inflation.
Plan your retirement income on a budget....
This is a very budget minded app. to help you plan your investments. Also a double check on your paid investment advisor.
App Privacy
The developer, 45 Adapter LLC, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.
Data Not Linked to You
The following data may be collected but it is not linked to your identity:
- Usage Data
- Diagnostics
Privacy practices may vary, for example, based on the features you use or your age. Learn More
Information
- Seller
- 45 Adapter LLC
- Size
- 2.9 MB
- Category
- Finance
- Compatibility
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- iPhone
- Requires iOS 14.1 or later.
- iPad
- Requires iPadOS 14.1 or later.
- iPod touch
- Requires iOS 14.1 or later.
- Mac
- Requires macOS 11.0 or later and a Mac with Apple M1 chip or later.
- Apple Vision
- Requires visionOS 1.0 or later.
- Languages
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English
- Age Rating
- 4+
- Copyright
- © 2022 45 Adapter LLC
- Price
- Free
- In-App Purchases
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- Planner Pro $3.99