Best Financial Planning Software
Financial planning software has democratized access to the same tools that CFP professionals use with their $500/hour clients. Today's platforms handle tax-bracket management, Roth conversion optimization, Social Security maximization, and estate planning scenarios — all without the five-figure price tag of traditional financial planning. Whether you're a DIY investor or a financial advisor serving clients, the right software transforms planning from guesswork into data-driven confidence.
TL;DR — Quick Answer
Our #1 pick: ProjectionLab → — DIY investors and FIRE planners who want advisor-grade tools with complete privacy. (Free → $129/yr). Also worth considering: Boldin and RightCapital.
Start Free with ProjectionLabAt a Glance — 3 Tools Compared
Rankings based on hands-on testing by the Velocity AI Insights editorial team. Factors include features, pricing, ease of use, and customer support. Last updated 2026-06-18.
ProjectionLab
DIY investors and FIRE planners who want advisor-grade tools with complete privacy
Free → $129/yr
Advisor-grade planning tools for individuals — no account linking required
Quick Summary
DIY investors and FIRE planners who want advisor-grade tools with complete privacy
Pre-retirees with complex financial situations who want the most comprehensive planning model available
RightCapital
Financial advisors who need client-facing planning tools with interactive projections and retirement illustrations
Why People Are Leaving Financial Planning Software
Financial planning software helps advisors and individuals create comprehensive financial plans covering retirement, tax optimization, estate planning, insurance needs, and investment strategies — providing a holistic view of financial health.
Traditional financial planning costs $5,000-$15,000 per engagement
Spreadsheet-based planning can't model tax interactions or probability-based outcomes
Generic calculators use oversimplified assumptions that miss critical variables
Advisor-only tools (MoneyGuidePro, eMoney) aren't available to individual investors
One-time plans become outdated — ongoing software keeps plans current as life changes
Quick Comparison
3 Best Financial Planning Software Alternatives — Detailed Reviews
1. ProjectionLab
Free → $129/yr
Best for: DIY investors and FIRE planners who want advisor-grade tools with complete privacy
ProjectionLab delivers planning capabilities that rival RightCapital and MoneyGuidePro — tools that cost advisors $1,000-$4,000/year. Monte Carlo simulations (10,000 iterations), historical backtesting (data since 1871), tax optimization modeling, and Roth conversion analysis are all included. The Pro version ($549/year) even supports financial advisors with client management and white-labeling. No account linking means your financial data stays on your device.
Key Advantage: Advisor-grade planning tools for individuals — no account linking required
Pros
Monte Carlo with 10,000 runs provides statistically robust retirement confidence levels
Historical backtesting against 150+ years of market data adds real-world validation
Privacy-first design — no bank account linking means your financial data stays private
Compare Mode is exceptional for evaluating different retirement timing scenarios
Cons
$129/yr Premium required to save plans — free tier is essentially a demo
Steep learning curve due to depth of available options and settings
$1,199 lifetime price is a significant upfront commitment
No account aggregation means manual data entry for all financial accounts
2. Boldin
Free → $144/yr
Best for: Pre-retirees with complex financial situations who want the most comprehensive planning model available
Boldin's PlannerPlus covers 250+ financial variables — the most comprehensive model available to individual investors. Social Security optimization with claiming strategy comparisons. Year-by-year tax projections for federal and state. Healthcare cost modeling with ACA subsidy calculations. IRMAA income bracket management for Medicare. Real-time Plaid account syncing. For the 10% of investors whose financial lives don't fit neatly into standard categories, Boldin captures every nuance.
Key Advantage: 250+ variables — the most comprehensive financial model available to individuals
Pros
Most affordable premium retirement planner at just $12/mo ($144/yr)
250+ data points provides advisor-level modeling depth for DIY users
Boldin AI assistant answers questions in plain language — no financial jargon needed
Free tier is genuinely useful with core projections and Social Security explorer
Cons
Free version uses conservative default assumptions that can skew projections pessimistically
Customizing inflation and rate-of-return assumptions requires the paid PlannerPlus tier
Not tailored for niche financial paths like medical professionals with high student loans
$3,200 advisor service is expensive for a single checkup
3. RightCapital
$125 - $250+/mo (advisor plans)
Best for: Financial advisors who need client-facing planning tools with interactive projections and retirement illustrations
RightCapital is designed for financial advisors serving clients. Interactive retirement projections that clients can manipulate during meetings. Goal-based planning with visual illustrations. Tax planning modules for Roth conversions, capital gains harvesting, and bracket management. Client portal for plan sharing and collaboration. For CFP professionals, RightCapital offers the best balance of analytical depth and client-friendly presentation.
Key Advantage: Purpose-built for advisors — interactive client projections + goal-based planning
Our Verdict
Best for complex planning: Boldin — pre-retirees juggling multiple income streams, real estate, healthcare costs, and Social Security optimization need Boldin's 250+ variable model. The AI coaching and optional CFP review ($3,200) provide human guidance when software alone isn't enough.
Best for advisors: RightCapital — financial professionals serving clients need tools built for collaboration. Interactive projections, client portals, and presentation-ready reports make RightCapital the industry standard for advisor-client planning.
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Disclosure: Some links on this page are affiliate links. We may earn a small commission at no extra cost to you. Our ProjectionLab, Boldin review is independently written. This does not influence our ratings or recommendations. Learn more.