If you could go back in time and give a younger you advice about money management, what would you say? Not Biff from \u2018Back To The Future' advice, on who wins the world series, or a horse race, but advice on real tools and techniques you could use to live better, financially speaking.\r\n \r\nUnfortunately we can\u2019t go back in time, and we can\u2019t fix the past. In the here and now, we are the sum total of both our good and bad financial decisions. At Personal Capital, we\u2019re turning our attention away from time travel into the past and instead focusing on predicting the future \u2013 your financial future. \r\n \r\nToday, we\u2019re announcing the launch of our new Retirement Planner \u2013 designed to help you forecast your retirement readiness by assessing your current financial situation, portfolio, spending, savings and retirement goals.\r\n \r\nWith our tool, you can:\r\n \r\n\u25cf\tSet your retirement goals and track your progress over time.\r\n\u25cf\tEnjoy a free, easy-to-use tool that automatically pulls financial data from your Personal Capital dashboard.\r\n\u25cf\tScenario plan \u2013 Planning for college? Saving for a new home? Use Retirement Planner to map out how much money you\u2019ll need to meet your goals.\r\n\u25cf\tAdjust your retirement plan for life milestones and financial events (inheritance, a wedding, rental income, vacations, and more).\r\n\u25cf\tEvaluate how your saving, investing, and spending habits today affect your retirement, seeing the impact of everything from a home remodel to a new car purchase.\r\n\u25cf\tCalculate the monthly spending you can afford in retirement.\r\n\u25cf\tTake advantage of a data-driven retirement plan built on Monte Carlo analysis and robust modeling tools to see the most and least likely financial outcomes.\r\n\u25cf\tSpeak with an advisor to learn how Personal Capital\u2019s Advisory Services can help you prepare for retirement.\r\n\u25cf\tCheck out the Recommendations page, which will help you get back on track to reaching your retirement goals.\r\n\r\nHow It Works\r\n \r\nTo give you an up-to-date forecast of the likelihood of reaching your retirement goals, the Retirement Planner will draw savings, spending, and portfolio account data from your Personal Capital dashboard. If you choose, you can also override with your own numbers. The Retirement Planner then walks you through questions about children, plans for supporting their education, and your social security expectations, to create a holistic forecast.\r\n \r\nThe Retirement Planner is a retirement calculator like no other, tailored to you and your goals. It works by running 5,000 Monte Carlo simulations, showing you the median and 10% worst outcomes of your retirement planning. Having 1, 2, or 3 million dollars at retirement might seem like a lot now, but as we live longer we need to ensure that our savings last longer too. The Retirement Planner will show you how much monthly spending your portfolio would allow you throughout retirement.\r\n\r\n\r\n \r\nOur tool is a dynamic plan that responds to how you live financially. Within the Retirement Planner, you can edit figures such as retirement age, spending and savings. You\u2019ll also have the option to add additional income goals, such as downsizing your home in retirement or adding pension income.\r\n \r\nOnce you have entered your additional income events and expense goals, you can see how they impact your retirement plans. The more time you have to plan ahead, the better off you\u2019ll be in achieving the retirement of your dreams. If we think we can help, you might see a \u2018How Can I Improve This\u2019 link in your Retirement Planner, which will make suggestions like changing your asset allocation, investing available cash, reducing mutual fund fees, or being more tax efficient.\r\n \r\nIf you need more advice, you can speak with an Advisor to help you evaluate how much you might spend on your children\u2019s education, or plan for buying a home or a car.\r\n\r\nGet Started\r\n \r\nThe Retirement Planner is the latest tool we offer to help you live a better financial life. It\u2019s not just a useful, living plan \u2013 it\u2019s a central part of how we want to enable you to reach your goals. As always, we\u2019d love to hear your feedback on how it could be even better in the months to come. Check out the tool here now.