Financial Planning Utility

[u/AuthorYess]

I’m looking for something like Monarch money where I can put life events about changing jobs, buying house, having kids, salary changes.

For instance, I don’t own a home, but I’m looking in the future to buy one, but I want to sort of model what kind of mortgage would be reasonable to increase my quality of living but also hit my goals of retiring early.

Maybe somebody knows like a self hosted tool or something online I can check out.

[u/telladifferentstory]

ProjectionLab, they have a freemium product

[u/TopInevitable8773 → u/telladifferentstory]

yes agree, probably the best tool for this

[u/Ill_Fisherman_8374]

Check out ProjectionLab. It lets you build out different scenarios for major life events—I used it to model the exact financial damage of adding a second kid to our budget, and it handles future mortgage tracking beautifully.

[u/howdyfriday]

check out New Retirement

[u/One-Mastodon-1063 → u/howdyfriday]

This was renamed boldin.

[u/AGrimmInPortland]

I use ProjectionLab and Retirement Figures. Both have usable free tiers though I think RF is far easier to use for most people and has more features in the freemium part, and you don't have to create an account.

[u/johnny_2x4]

Boldin seems to work better and be easier to set up than projection lab

[u/lauren_knows → u/[deleted]]

Your submission has been removed for violating our community rule against advertising, self-promotion, solicitation, and spam. Please note that there is a weekly Self-Promotion thread posted every Wednesday in which this rule is relaxed to provide a space for this type of content. If you feel this removal is in error, then please modmail the mod team. Please review our community rules to help avoid future violations.

[u/AGrimmInPortland → u/[deleted]]

ProjectionLab is not self or local.

[u/lauren_knows → u/[deleted]]

Your submission has been removed for violating our community rule against advertising, self-promotion, solicitation, and spam. Please note that there is a weekly Self-Promotion thread posted every Wednesday in which this rule is relaxed to provide a space for this type of content. If you feel this removal is in error, then please modmail the mod team. Please review our community rules to help avoid future violations.

[u/ReasonableMess7235]

tgage amount and see how it stretches your savings rate. i had same question when we thought about buying a place, wanted to know if we could still retire before 50 with the extra costs

there's some self hosted tools i saw mentioned in the past on this sub, people talk about building their own dashboards with python or something but i never went that far. a good spreadsheet template can model life events if you're comfortable tweaking numbers yourself, i find it more flexible than apps that lock you into their way of thinking

for the mortgage part specifically just pull up a calculator online and then feed the monthly payment into your retirement projections, it gives you a rough picture of what you can handle without killing your goals

[u/Remarkable-Son-7221]

If you're a little tech inclined, you can use an AI agent to build a model/application exactly to your requirements. I'm also keen to check out projectionlab though.

[u/AGrimmInPortland → u/[deleted]]

PL requires an account now, even for the free tier. They got rid of the sandbox like a year ago.

[u/AuthorYess → u/[deleted]]

I mean these are kinda large, sweeping amounts that I'm modeling. Putting the numbers in manually is completely rational and honestly kinda expected with such a tool. A difference of 2-5k won't change the modeling in the sort of tool I'm looking at considering the uncertainty of the market anyway.

I'm just trying to give a good idea of what I'm trying to attain and over time have it converge with reality as I get closer to retiring.