IW Retirement Planner Features

Unlike conventional retirement planning tools, IncomeWize incorporates taxes, complex Social Security rules, and real-world withdrawal planning.

50
States and DC modeled for taxes
9
Income & benefit treatment by category
12+
Interactive income, expense, and tax charts
$0
Free, with no sign-up

Cash Flow

See where each year's money comes from and where it goes.

  • Charts for every part of your plan
  • Cash Flow Map and Cash Flow Table for every year
  • Year-by-year list of every withdrawal and tax
Explore cash flow
Forecasted income and taxes paid by year

Social Security

See how Social Security fits into your plan and find the best time to claim.

  • Maximizer checks 700+ claiming strategies for the highest lifetime benefit
  • Retirement, spousal, and survivor benefits
  • Applies the major benefit rules Early Claiming Reductions Delayed Retirement Credits Earnings Test Benefit Recalculation at FRA RIB LIM Restricted Application Deeming Rules
Explore Social Security
Yearly benefits under the current plan and the maximized plan

Plan With More Confidence

What-If Explorer sections

What-If Explorer

  • Adjust dates, spending, Social Security, investments, and more
  • Compare with your current plan side by side, then apply changes
Explore What-If
Healthcare costs summary

Healthcare

  • Estimates Medicare premiums and out-of-pocket costs
  • Healthcare coverage before 65
  • HSAs and long-term care costs
Explore healthcare costs
Risk Radar ratings for a retirement plan

Risk Radar

  • Rates the common risks in your plan Low, Moderate, or High
  • Identifies potential weak spots in your plan
Explore Risk Radar

Tax-Smart

Federal, state, and investment taxes are built into every year of your plan.

  • Every tax, for every year of your plan
  • Roth conversions and Tax Minimizer, up to a tax bracket you choose
  • RMDs and early withdrawal penalties built in
Explore tax planning
Taxes by type for each year of the plan

Stress Testing

See how your plan holds up when markets and inflation do not cooperate.

  • Runs your plan through 1,000 simulated retirements
  • Probability of Success shows how often your plan holds up
  • AI-modeled markets, including losses of 30% or more
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Simulated retirement plan outcomes by year

More Features

Everything else that comes with IncomeWize.

Diverse Income Sources

  • Each income type follows its own tax and withdrawal rules
  • One-time and recurring income

Flexible Expenses

  • Fixed, Smile, or Dynamic (guardrails) spending
  • One-time and recurring expenses

AI Access (MCP)

  • Connect your saved plan to your own AI assistant
  • Ask questions and run what-ifs with real IncomeWize numbers

Support

  • "How It Works" guide, FAQ, and help tooltips
  • PennyWize AI assistant and direct support

Empower yourself to achieve financial well-being.

Build a detailed, year-by-year retirement plan in about 30 minutes. Free, and no signup required.

Start Your Retirement Plan How it Works