Financial planning and retirement planning software for individuals

 

financial planning software for individuals

Comprehensive Financial Planning Software

WealthTrace is comprehensive financial and retirement planning software built for individuals who want to create and manage their own financial plan. Get detailed retirement projections, track investments and net worth, analyze taxes and Roth conversions, compare Social Security strategies, run Monte Carlo simulations, and test what-if scenarios—all in one place.

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Be your own financial planner with WealthTrace.

WealthTrace financial planner

Build and manage your own retirement plan

WealthTrace gives individuals the same types of retirement planning tools traditionally available through professional financial planning software, but designed for people who want to manage their own plan.
See whether you're on track for retirement, how long your savings may last, how taxes could affect your plan, and what changes you can make if your current strategy falls short.

WealthTrace combines DIY financial planning, retirement planning, investment tracking, and wealth management tools in one application.

Link Investment Accounts

Bring your investment accounts into your retirement plan

Connect your investment and retirement accounts to see your balances and holdings alongside your retirement projections. WealthTrace can automatically update linked accounts, or you can enter accounts and investments manually.

Unlike basic retirement calculators that rely primarily on a single portfolio balance, WealthTrace can use information about your individual holdings to create more detailed retirement projections.


AI-powered retirement planning insights

Ask questions about your retirement plan with AI

Ask questions about your retirement plan in plain English and get clear explanations based on your WealthTrace financial data. WealthTrace AI can help you better understand your projections, compare scenarios, identify which assumptions are driving your results, and explore areas such as cash flows, taxes, Roth conversions, withdrawals, Monte Carlo results, and more.

Instead of digging through every screen, you can quickly get helpful context about your plan and see which parts of your retirement strategy may deserve a closer look.

Investment Account Performance

Understand how your investments are performing

Track your investment accounts and individual holdings over time, including historical balances, performance, transactions, income, fund fees, and turnover.

See whether high investment fees or excessive turnover may be reducing returns or creating unnecessary taxes, and understand how your investment portfolio fits into your overall retirement plan.

Using detailed account and investment data helps WealthTrace create more comprehensive financial and retirement projections than basic retirement calculators.

Compare WealthTrace vs. free calculators.

Financial Planning Scenarios

Test retirement scenarios before making important decisions

See how important financial decisions could affect your retirement before you make them. Test different retirement ages, spending levels, Social Security strategies, Roth conversions, investment returns, asset allocations, inflation assumptions, and market downturns.

Compare scenarios side by side and see how each decision affects your retirement income, taxes, investment balances, and probability of funding your retirement goals.

Comprehensive retirement planning features for individuals

  • Get a comprehensive, accurate view of your financial and retirement situation.
  • Import and link your accounts. Holdings and balances automatically update every day.
  • Option to manually enter investments and holdings. Balances automatically update every day.
  • The best support in the industry with over 40 years of experience.
  • Expert support with live chat and email support from qualified financial experts.
  • Quickly figure out if and when funds will run out in retirement.
  • View historical data, performance, and fee information for your accounts and holdings.
  • Run what-if scenarios to see how to overcome retirement road blocks and income shortfalls.
  • Vary projected inflation rates over time for a more accurate and realistic plan.
  • See how your plan holds up under historical recessions using bear market scenarios.
  • Calculate the probability of never running out of money with Monte Carlo Simulations.
  • Figure out the best time to make a Roth IRA transfer.
  • Model rental income and the sale of real estate.
  • Use the solving tool to figure out how to achieve multiple goals.
  • Create and save multiple plans, allowing you to run through a variety of scenarios.
  • Have a WealthTrace expert guide you through your plan online.
View All Features

Who is WealthTrace for?

WealthTrace is designed for individuals and couples who want to build and manage their own retirement plan. It is especially useful for DIY investors who want more detail than a basic retirement calculator but do not necessarily need to hire a financial advisor to create a comprehensive financial plan.

Approaching retirement

See whether you are on track and explore important decisions before you retire.

Current retirees

Plan withdrawals, taxes, Social Security, RMDs, and long-term retirement income.

DIY investors

Get professional-level retirement planning tools while managing your own financial plan.

WealthTrace helps you analyze retirement income, investments, taxes, Social Security, Roth conversions, required minimum distributions (RMDs), spending, and other important long-term financial decisions—all in one comprehensive retirement planning application.

Frequently asked questions

Learn how WealthTrace helps individuals and couples create, analyze, and manage a detailed retirement plan.

How does WealthTrace help me build a retirement plan?

WealthTrace brings your retirement income, investments, spending, taxes, Social Security, pensions, and other financial information together in one plan. It then projects your finances over time so you can see whether you are on track and explore changes that may improve your retirement strategy.

What information can I include in my retirement plan?

You can include investment and retirement accounts, Social Security benefits, pensions, employment income, expenses, real estate, debts, taxes, required minimum distributions, Roth conversions, and other important sources of income and spending.

Can WealthTrace model taxes, Roth conversions, and RMDs?

Yes. WealthTrace includes detailed retirement tax projections and tools for analyzing Roth conversions, required minimum distributions (RMDs), retirement withdrawals, and other tax-related decisions over time.

Does WealthTrace use Monte Carlo analysis?

Yes. WealthTrace uses Monte Carlo simulations to test your retirement plan across many possible market outcomes. This helps you understand the probability of meeting your retirement goals instead of relying on a single assumed rate of return.

Can I compare different retirement scenarios?

Yes. You can test different retirement ages, spending levels, investment returns, Social Security strategies, Roth conversions, asset allocations, and other what-if scenarios to see how each decision may affect your retirement plan.

Can I connect my investment accounts?

Yes. You can link investment and retirement accounts so WealthTrace can incorporate balances and holdings into your plan. You can also enter accounts and investments manually if you prefer.

Can I track investment performance and fees?

Yes. WealthTrace can help you review historical balances, investment performance, income, transactions, fund fees, turnover, and other information so you can better understand how your investments are performing within your overall retirement plan.

Is WealthTrace designed for DIY retirement planning?

Yes. WealthTrace is designed for individuals and couples who want to take a hands-on approach to retirement planning. It provides more detailed financial planning tools than a basic retirement calculator while allowing you to create and manage your own plan.

An average financial plan costs $2,400

(Source: https://www.kitces.com)

Save your money. Get one-on-one help completing your plan by having an online meeting with our resident WealthTrace expert.

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