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My Legacy

My Legacy
  • #: 170688
  • Price: free ($0.00) In Apple Store
  • Category: Finance
  • Updated: 2009-12-05
  • Current Version: 1.1`
  • 1.1`
  • Size: 0.30 MB
  • Language: English
  • Seller: Nick Dawe
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.1 or later
  • © reallyusefulengines
  •  Add to Favorite apps

 

Description

Do you know if you have enough money to retire ?

Will you have the income in retirement you expect ?

Will you be able to leave money to your family or favorite charity ?

Based on your current age, savings and expected future savings, this app allows you to estimate how much income you will have available during your your retirement and how much surplus cash you will have.

With goal seek and scenario analysis

Concerned that one of your assumptions is wrong or too aggressive. Quickly change the assumptions and see the effect. Will your money last your lifetime ? How much more will you have to save ?

Other apps by Really Useful Engines:

My Home Cost:- calculates cost of home ownership including mortgage, taxes and insurance

My New Car:- calculates true cost of purchase of a vehicle including fees, taxes, trade in value and payoff, for specified down payments, loan rates and terms - a spreadsheet in your pocket at the dealership

Search for "REALLY USEFUL ENGINES" in App Store

iPhone Screenshots

My Legacy iPhone Screenshot 1
My Legacy iPhone Screenshot 2

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Rated 2/5 based on 2 customer reviews.

 

2/5 stars

Awesome Concept, Mediocre execution

:
This app would really benefit from some minor updates.

3/5 stars

Not Bad For A Free App

:
This is an OK program for getting an idea of what a change in one the allowed variables makes in your long-term retirement. The "Retirement Income" was a little confusing, as I thought it was an input for expected pensions. It is actually the amount desired in today's dollars for the first year of retirement. It's kind of crude hitting the little plus and minus signs, but the resulting changes in "Financial Life Expectancy" and resulting ending balance are displayed quickly. It would be nice to have an input for pensions or social security, but it's definitely helpful in "what if" looks at retirement results.

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The information may be outdated (2011-04-21 18:02:34). For actual information go to iTunes

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