TD AMERITRADE Launches Retirement Planning Tool

TD AMERITRADE Holding Corporation has launched WealthRuler, a retirement planning tool that the company says can help investors predict their chance of accumulating a large enough nest egg.

A news release said investors input information, including current retirement savings and financial goals, and the program uses broad asset allocation assumptions to run a minimum of 500 simulations of assumed market returns over a defined time frame.

Based on the results, the user either creates a formal retirement plan or adjusts his or her existing savings amount, retirement age, income, and expenses in WealthRuler to see how each of these variables might affect their financial outlook over time.

More information is available here.