ProjectionLab

ProjectionLab

Simulate your financial future and chart a course to FI/FIRE

4.9•15 reviews•

506 followers

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Create beautiful financial plans with a level of nuance and flexibility that exceeds the standard retirement calculators. Run Monte Carlo simulations, backtest on historical data, plan how to live life on your terms, and reduce anxiety around your finances.
ProjectionLab gallery image
ProjectionLab gallery image
ProjectionLab gallery image
ProjectionLab gallery image
ProjectionLab gallery image
ProjectionLab gallery image
ProjectionLab gallery image
Free Options
Launch tags:
Fintech•Finance•Personal Finance
Launch Team

What do you think? …

Ryan Hoover
Very cool. I currently use Compound for tracking my assets and forecasting, although it's powerful, its planning features are a bit hard to use. The biggest friction point in trying something new like Projection Lab is the amount of effort it takes to upload all my details (startup equities, crypto, fund positions, etc.). Integrations (via Plaid, for example) help but even that is a bit time-consuming.
Kyle Nolan
Maker
@rrhoover Thanks Ryan! I appreciate you taking a look! I'm hoping the sandbox mode reduces one kind of friction, i.e. for the folks who initially just want to hop in and see how things work using an example persona. You're right though that fully tailoring any long-term planning tool to your circumstances will involve some input and configuration eventually. For that path, I've done my best to make it easy to jot down the big-ticket items and then circle back to make refinements at your leisure. If you end up playing around with it, I'll be curious to hear what you think of the planning UI and Monte Carlo mode!
Ryan Hoover
@knolan I didn't realize there was an example persona. Smart. Will play around with it.
Ashley Antkowiak
@rrhoover while the input stage is definitely time consuming, it’s no more so than it would be if you were working with a financial professional. You’d still have to gather all of that information. The difference is that with Projection Lab you get to manipulate it yourself as much as you want, and for so much less than paying a finance pro. Totally worth the effort!
Kyle Nolan
Maker
👋 Hey everyone! I couldn't find a good long-term financial planning app that felt modern, fluid, detailed, and actually fun to use... so fast-forward several hundred cups of coffee and over a year of work, and let me introduce ProjectionLab! ✅ The free version has a lot of features, there's a sandbox mode if you just want to quickly see how it works, it does not ask to link your financial accounts, and you don't have to create an account to try it. Here is a quick preview of just a few of the things you can do: - Build detailed and flexible plans for your future that go beyond the standard online retirement calculators - Plan separately or as a couple - Model international scenarios, with various account types and tax estimation presets - Plan for goals like achieving financial independence, taking time off for travel, home ownership, or starting a rental empire - Backtest on historical data and run Monte Carlo simulations - Create custom plots to visualize the metrics you care about - Experiment rapidly with a fast + fluid simulation engine and modern UI - Create granular models for how accounts/income/expenses/inflation/etc change over time using interactive plots - Track your progress over time and see it overlaid on top of your projections - Quickly compare between different plans or analyze multiple changes within a single plan - Build dynamic configurations using milestones that support multiple criteria and conditional logic - Choose your own icons to personalize just about everything - And a lot more! If you check it out, I'd love to hear what you think. The free version is pretty robust, but if you'd like to upgrade to Premium feel free to use code PH-10 for 10% off 😃 👇👇👇👇👇 ProjectionLab: https://projectionlab.com Discord: https://discord.gg/dZQ5DDEmT7 Roadmap: https://changemap.co/projectifi/projectifi Twitter: https://twitter.com/_knolan PL Twitter: https://twitter.com/Projection_Lab Email: kyle@projectionlab.com 💜💜💜💜💜 For now, I'm building ProjectionLab as a solo developer on nights and weekends. It's already been quite a journey bringing PL to the point it is today; and I'm still energized and full of ideas for how to continue making it better, in part thanks to the feedback and support from communities of early adopters like you! 🙏 Looking forward to hearing your feedback!
Kyle Nolan
Maker
@victoria_wu 🙏 Thanks Victoria! If you end up playing around with the tool, I'll be curious to hear what you think!
Kate Pettit
@knolan 🏆
Kyle Nolan
Maker
@katepettit 🎉 Thanks Kate!
Great tool, congrats on the launch! 📈 Do you have any plans to expand to financial projections for startups?
Kyle Nolan
Maker
@ming_xu1 Good question! Just updated my comment above to include a link to the public roadmap. It's not a feature set that I would say is imminent, but I do think it's an interesting idea and I hope to find the bandwidth soon to flesh out what more of the details would look like. Are there specific features you'd like to see in a version tailored towards startups? Perhaps a view oriented more towards near-term events (as opposed to the current focus on long-term planning), e.g. next X years of runway?
@knolan Whenever I meet the same investor for the second or third time, they always ask a same question, what about your financial forecast? For a early stage starups like us, we dont really have much data to do the math. So a better way is to do the analysis based on financial projections and to see what would happend on sales forecast, buring rate and other finanical KPIs if we do very different way. But now the only tool I have is a bunch of Excel templates from my business school professor. When the first time I use ProjectionLab, I suddenly realized this might be what the tool I need looks like.
Kyle Nolan
Maker
@ming_xu1 Makes a ton of sense! In some ways, I think the current tool is already pretty close to being usable for scenarios like this.. but I bet one thing you'd want right away though is a month-by-month view rather than just year-by-year, right? And maybe also the ability to schedule events down to the day? (e.g. employee X starts on Y date) Sounds like a trivial add from the outside I know, but the way the whole milestone system and event timing system is set up, it's currently optimized for a simulation engine that reports results with yearly granularity. So, there will be a few things to think through there if I decide to take it in this direction.
@knolan Indeed, need a month-by-month view. And the ability to schedule events by month would already nice. If you have any further plan later, please let us know :)
Kyle Nolan
Maker
@ming_xu1 Definitely! It's something I've been planning to look into for a while. Just need to find the most performant way to support more granular views and scheduling without compromising the speed of full-life simulations. Keeping those fast and fluid is a high priority; experimentation needs to be fun 🧪 😁