My nest egg, my retirement.
Retirement planning at finger tip. We believe retirement planning should be available and simple (easy to use) for everyone, with or without access to good financial advisors/planners.
myNestEgg is an iPhone (iOS 3.1.2 and above) app that tracks your personal retirement savings account (in the United States, that usually includes 401k and IRA, or commonly referred as nest egg). It helps you calculate how much you have saved ("Saving progress"), and how much you will get annually from your IRA/401k after your retirement. It also compares the post retirement annual income to your current income ("Income ratio"), so that you will have a feeling regarding how your post retirement living standard will be compared to what you have now.
Other features include:
1) The option to set investment return rate, and college cost (tuition) inflation rate;
2) Saving your input data to your device locally when a valid calculation is performed;
3) Email results to your self;
4) Usage of local currency.
Last but not least, this app is not meant just for people who have limited finance knowledge: financial advisors could use this tool to help their clients retirement planning too.
"I recommend it as it sure has me now thinking about what I can do to improve on my situation. Even if you are still a long way from retiring its always good to go through the what if scenarios...who doesnt want to retire early?" -user Tony