ProjectionLab

Name: ProjectionLab
Rating: 4.87 (15 reviews)

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

4.9•15 reviews•

505 followers

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

4.9•15 reviews•

505 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.

4.9

Based on 15 reviews

Review ProjectionLab?

ProjectionLab is highly praised for its comprehensive financial planning capabilities, offering detailed functionality and customization that users find impressive. Many appreciate its ability to handle complex financial forecasting needs, even with the free version. Users highlight its ease of use, international tax settings, and active community support. The tool is noted for replacing traditional spreadsheets and providing a clear picture of future financial outlooks, instilling confidence in retirement planning. Overall, ProjectionLab is seen as a powerful and essential tool for personal finance management.

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Reviews

Helpful

Ashley Antkowiak

•1 review

I’ve been using Projection Lab for several months now. The initial setup takes a little while (you want to make sure you have accurate numbers from all of your accounts, including assets and liabilities), but once you get that dialed in, it’s so easy to manipulate things and see how your projection changes. My husband and I are considering buying a new-to-us vehicle, for instance, and I easily created scenarios for buying with a loan vs cash to see how it would affect us. It’s so powerful to be able to attach future numbers to financial decisions! Another really important use for me is in teaching my kids the value of compounding interest. My 12 year old was on the fence about investing her small pot of savings money until I showed her a projection of what that money could turn into if she invested it for the next 10, 20 years. She regularly asks me to help her try out different scenarios in her own projection, and I’m sure she’ll be using the tool herself before long. This tool is now an essential part of our personal finance planning and one that I plan to use for years. Highly recommend.

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3yr ago

Kyle Nolan

ProjectionLab

Thanks for sharing, Ashley! It makes me happy to hear ProjectionLab had that kind of impact. And if your daughter is already learning the value of compounding at 12, it sounds like she has a bright future ahead! ☀️ 📈

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3yr ago

Jackie Scholl

•1 review

ProjectionLab had empowered me to plan my future! I can write down how much I expect to earn and spend, and what big purchases and moves I expect to make in the future, and then ProjectionLab allows me to play with hundreds of possible futures to answer critical questions like "when should I retire?" and "how much will it cost to move to a higher-tax state?" Tip: multi-condition milestones are great for creating complex decision trees to represent how you would react to different market conditions

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3yr ago

Kyle Nolan

ProjectionLab

Thanks Jackie! Really glad to see people taking advantage of the new multi-criteria milestone system 💪🥳

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3yr ago