Important: Unfortunately, the i-ORP tool is no longer available.
The Optimal Retirement Planner (ORP) is a calculator designed to determine the optimal withdrawal schedule during retirement. Based on your retirement account balances, expected Social Security benefits, and a few other inputs, ORP calculates your projected maximum annual disposable income, your account balances at retirement, and the amounts to withdraw from each account by year. In addition, it provides reports on your tax brackets throughout retirement and projected IRMAA payments. The tool also suggests IRA to Roth IRA conversions by amount and year.
ORP also offers an Essential version of its calculator with fewer inputs. Finally, it also offers RIM, Retirement Income Management, which is a simplified version of Essential ORP.
- Medicare Analysis
- Monte Carlo Simulation
- Retirement Income Analysis
- Reverse Mortgage Analysis
- Roth Conversion Analysis
Free Trial: N/A
Free Version: Yes
Price: Free
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I’ve used, tested and evaluated financial tools for more than 15 years. This directory is where I keep track of all of those tools, including software, apps, and calculators. I hope it will prove useful to you. And if you know of an app I should add to this directory, please let me know.
–Rob Berger
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