If you already use Personal Capital, then there’s not much you need to input to test out this tool. Just log in and access the Retirement Planner for free. Here’s how you get started with Personal Capital.
In my tests, I ran multiple “what if” scenarios using my personal finances. I saw the changes in the possibility in meeting our family goals. I was impressed with its functionality and ease of use. It’s one of the best retirement calculators out there — paid or free. Once you have your accounts linked, it’s very easy for you to see exactly how you are progressing toward your retirement.
Of course, Personal Capital hopes that seeing their tool will get you to use their financial services and other products. Though there is no obligation in using their paid services.
Personal Capital’s new Retirement Planner makes an already great service even better. I’ve seen commercial retirement calculators with fewer features. Best of all, this feature is also available for free. This puts their service in a different league than the online service Mint.com.