Retirement Income Simulator

Our first new feature for a while is the ability to model a home loan. The chief benefit of this is that the user can see when their home loan will be paid off relative to their retirement date.

If your home loan is paid off before retirement, then everything works much the same as it always has. If your home loan is not paid off by retirement then you'll see a notification showing you how much will be outstanding, and directing you to the Retirement lump sums tab. This allows you to assign a lump sum withdrawal to pay off your loan, so you can see where you stand for retirement.

What you'll see

  • Homeowner input extended to show two types of homeowner
  • New inputs for loan amount, interest rate and monthly repayment
  • A new home loan chart
  • A notification that shows if the loan is not paid off before retirement
  • The Retirement goals menu has been split into Retirement income and Retirement lump sums

Tags: feature