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Definitely—this is one of Evernest's main strengths and a key reason this tool was created in the first place. Easily model taking Social Security starting any age from 62 up to 70, and see how the timing of your claim affects your overall retirement plan when viewed against other income sources like investment returns. Should you claim SS early at 62 and let your investment portfolio grow, or delay until 70 to receive maximum benefits while drawing down savings? Evernest helps you visualize these trade-offs and instantly compare different scenarios. For couples, you can even model spousal benefits and survivor benefits as well.
It depends on your financial situation—specifically your savings, expected expenses, Social Security benefits, healthcare costs until Medicare kicks in at 65, and any other income sources. Test retiring at 62 (or any age) in Evernest's retirement calculator using YOUR specific numbers. Try different scenarios—Social Security early vs. waiting, lower/higher spending, selling your home, part-time consulting work—and see if your money is likely to last. It's possible to retire at 62 with careful planning, or you might need to work longer and/or cut spending. The only way to know for sure is to test out your own numbers and situation in Evernest.
The common advice is some multiplier like 10-12x your annual expenses, but this number is totally dependent on your lifestyle, expected longevity, Social Security benefits, healthcare costs, etc. Evernest's retirement calculator can help you calculate YOUR specific number based on your anticipated retirement lifestyle, income sources, and financial goals. Spending $40k/year with great Social Security benefits will require far less than someone spending $100k/year with no SS. Stop guessing what you might need and actually model your real retirement plan using your real numbers.
Yes! Evernest's free version is completely ad-free, and you get to model your retirement plan with year-by-year visual projections, test scenarios, and even configure how you want to spend and withdraw your money—NO credit card needed. Premium ($9.99/month) is an optional upgrade with some advanced features like unlimited financial events and projection years, spouse planning, and other useful and useful enhancements.
Yep. That's the point of Evernest. Test out different strategies for when to start Social Security (62 vs 70), model the effects of selling your home at different ages, compare withdrawal strategies, or see how a market crash might affect your plan. Change any assumption and instantly see the new results.
Add a home sale as a financial event at a specific age. Enter in the expected amount of proceeds, and whether you will have housing expenses after the sale (for example, if downsizing). This is another one of Evernest's core strengths and another key reason the tool was created. It's trivial in Evernest to instantly see the dynamic impact of changing the timing of future financial events. Sell your home at age 65 vs 75? Downsize immediately upon retirement or wait until healthcare expenses arise later? Instantly see how each change in timing cascades through your retirement plan and affects your portfolio, withdrawal needs, and likely longevity. This one-time cash infusion can dramatically change your retirement outlook and Evernest helps you pinpoint the optimal timing.
Yes, our visual projections clearly show the year-by-year cash flow and the exact moment your portfolio is expected to be depleted. You can then change your assumptions to see what actions extend the longevity of your money.
Nope. We are not portfolio management software. We do not connect to Fidelity, Schwab, Vanguard, or any other brokerage or investment firm. We only have the data you give us. We don't need to know any of your individual holdings or accounts. We simply need a projected (or real) amount from you of your total savings at the time you retire. Keeping it this simple helps keeps set up friction low and your account information completely private.
Of course. We use bank-level encryption to keep your data safe while in transit. We store your personal information securely and never share it with any third parties.
Nope. We are not financial advisors. We are a projection and modeling tool, not investment managers, stock pickers, or financial product salespeople. You maintain full control over all of your decisions, we just help you visualize the outcomes. If you have a more complex situation, you might consider working with a certified financial planner.
We recommend at least quarterly, if not more often. Even if for no other reason that to remind you why you need to abide to your plan! If anything changes about your situation or future financial events (job change, inheritance, health issues, market volatility, etc), the nice thing about Evernest is you can instantly update any of your assumptions and see the impact.
Our projections are based on industry-standard financial calculations and assumptions. All of our formula have been rigorously audited for accuracy by AI. However, no calculator or projection tool can know the future with certainty. Market returns will fluctuate, life changes happen, and your assumptions will inevitably need to be adjusted over time. We recommend testing a variety of scenarios annually to get a range of possible outcomes.
Yes! Premium subscribers can model retirement for both individuals in a couple. This includes different retirement ages, separate Social Security benefits, and coordinated withdrawal strategies for both people. This feature is part of our Premium plan for $9.99/month.
We support a variety of withdrawal strategies including fixed dollar amounts, percentage-based (like the 4% rule), and dynamic spending that adjusts based on the current performance of your portfolio. You can even configure a spend tapering schedule to automatically reduce your spending at different ages.
Yes, you can export your projection data and charts as a spreadsheet for your own records or to share with your financial advisor. This feature is available to all users, including the free accounts.
We model federal income taxes on retirement withdrawals, Social Security benefits, and other income sources. Enter your tax filing status and estimated tax bracket. We do estimates for planning purposes only—see a professional tax advisor for specific advice.
Yes! Premium users can generate scenarios with variable market returns instead of assuming a constant rate of return. This is helpful to see the effects of sequence of returns risk (getting poor returns early in retirement) on your overall plan.
Yes, you can model part-time income or consulting work as additional income at specific ages or time periods. This can easily show how even modest income in early retirement can greatly extend the longevity of your portfolio.
Our web application is fully responsive and looks great on mobile devices. You can access and model your retirement plan from any phone, tablet, or computer with a web browser. We don't currently have native iOS or Android apps, but that could change in the future.
Yes, you can export your projections as a spreadsheet and then use your favorite spreadsheet tool to export into any format you want to share—PDF, Excel, Google Sheets, etc. We're working on real-time collaborative features that will allow trusted individuals to access and edit a plan.
Your data is saved and always accessible. If you downgrade from Premium to Free, you'll still be able to access your plan but some Premium features will be limited (like unlimited financial events and spouse planning). You can reactivate Premium at any time to restore full access. If you delete your account, we immediately anonymize all personal data (name, email, phone) and your account is no longer accessible. Billing records are retained for tax and legal compliance, but all personally identifiable data is permanently removed.
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