NewRetirement Calculator: How It Compares to Retirementize
by Grant Marsten - October 2024
Retirement planning is more than simply saving money. It involves managing income, investments, taxes, expenses, housing, and lifestyle throughout retirement. There are many retirement calculators available online, including NewRetirement, which is now known as Boldin.
So how does Boldin compare with Retirementize? The answer depends largely on what you want from a retirement planning tool, the country where you live, and how much detail you want to include in your plan.
There are generally two types of retirement calculators you'll find online: retirement savings calculators and retirement income calculators. Savings calculators generally focus on how much you need to save before retirement. Income calculators focus more heavily on what happens after you retire, including how your income, investments, taxes, and withdrawals interact over time.
Meet Boldin (Formerly NewRetirement)
Boldin is the current name of the retirement planning platform formerly known as NewRetirement. It has evolved from a retirement calculator into a broader financial planning platform with tools for income, expenses, taxes, investments, real estate, Social Security, and retirement scenarios.
Boldin offers a free Basic version as well as a paid PlannerPlus subscription. Its current PlannerPlus offering includes advanced features such as tax projections, Monte Carlo analysis, Roth conversion planning, detailed budgeting, real estate modeling, additional scenarios, and more. PlannerPlus is currently listed at $144 per year after its free trial.
Boldin is particularly useful for people who want to build a detailed, long-term financial plan and explore many different assumptions. Its current feature set includes:
- Investment and financial modeling – Model investments, income, expenses, and other components of a household financial plan.
- Tax planning – PlannerPlus includes federal and state tax projections and tools for exploring tax-efficient strategies.
- Withdrawal planning – Explore how different withdrawal strategies can affect your retirement plan.
- Real estate planning – Model homes and other real estate within a broader financial plan.
- Monte Carlo analysis – PlannerPlus includes Monte Carlo analysis to help evaluate how a plan performs under different market conditions.
- Scenario analysis – Create and compare different financial scenarios.
One important distinction for Canadian users is that Boldin's planner is primarily based on U.S. tax law. Boldin's own help documentation states that it does not natively model the tax and retirement rules of countries such as Canada.
How Does Retirementize Compare?
Retirementize is designed around retirement income planning and optimization. It brings together retirement income, pensions, government benefits, savings, investments, property, expenses, taxes, and different retirement stages into one plan.
Retirementize is designed for both the United States and Canada. The platform supports country-specific retirement income sources and tax calculations, including Social Security for U.S. users and CPP and OAS for Canadian users.
Some of the major Retirementize features include:
- U.S. and Canadian planning – Build a retirement plan using country-specific income sources and tax considerations.
- Retirement income planning – Model pensions, government benefits, investment accounts, savings, and other income sources.
- Inflation and investment assumptions – Adjust important economic assumptions used in your retirement projections.
- After-tax income planning – Evaluate retirement income after taxes rather than looking only at gross income.
- Real estate planning – Include your home, downsizing, rental properties, mortgages, and future property transactions.
- What-if scenarios – Test changes such as higher inflation, different investment performance, divorce, inheritance, or other major life events.
- Monte Carlo analysis – Stress-test a retirement plan against a range of investment outcomes.
- Go-Go, Slow-Go, and No-Go retirement stages – Set different income targets for different phases of retirement.
Retirementize is free to get started, while additional subscription options may provide enhanced features and capabilities. The core platform is designed to make detailed retirement planning accessible without requiring a financial advisor.
Why Consider Retirementize?
One of the biggest differences between the two platforms is their geographic focus. Boldin provides extensive retirement planning functionality, but its tax and retirement modeling is built around the United States. Retirementize was developed specifically to support both American and Canadian retirement planning.
For Canadian retirees, this distinction can be important. Canadian retirement planning can involve CPP, OAS, RRSPs, RRIFs, TFSAs, provincial taxes, and income-splitting considerations. A calculator that understands these systems natively can provide a different planning experience from a U.S.-focused calculator.
Retirementize also puts considerable emphasis on retirement income and after-tax results. The goal is not simply to determine whether you have accumulated enough money, but to help you understand how your different income sources and assets interact throughout retirement.
Feature Comparison: Boldin vs. Retirementize
| Feature | Boldin | Retirementize |
|---|---|---|
| Free plan available | Yes | Yes |
| Paid advanced plan | Yes — PlannerPlus | Yes — optional Insights subscription |
| U.S. retirement planning | Yes | Yes |
| Canadian retirement planning | Not natively supported for Canadian tax rules | Yes |
| Investment growth assumptions | Yes | Yes |
| Tax planning | Yes, with advanced tax features in PlannerPlus | Yes, including U.S. and Canadian tax planning |
| Inflation assumptions | Yes | Yes |
| Monte Carlo analysis | Yes, PlannerPlus | Yes |
| Real estate and rental planning | Yes | Yes |
| What-if scenarios | Yes | Yes |
| Post-retirement income planning | Yes | Yes |
| CPP and OAS modeling | Not natively modeled as Canadian programs | Yes |
| Social Security modeling | Yes | Yes |
Fun Facts
Fun Facts
- NewRetirement officially operates under the Boldin name today, although many people still search for it using its original NewRetirement name.
- Boldin's current PlannerPlus price is $144 per year, up from the $120 annual price that applied when the company increased its subscription price in July 2025.
- Retirementize supports both U.S. and Canadian retirement planning, including country-specific retirement income sources.
- Retirementize includes three retirement spending phases: Go-Go, Slow-Go, and No-Go, allowing users to model changing spending needs throughout retirement.
Which Retirement Calculator Is Right for You?
Boldin and Retirementize take somewhat different approaches to retirement planning. Boldin has developed into a broad financial planning platform with extensive scenario analysis, tax tools, Monte Carlo analysis, and other advanced planning capabilities. Its current PlannerPlus offering is aimed at users who want a detailed U.S.-based financial planning experience.
Retirementize focuses heavily on retirement income, after-tax income, retirement spending, pensions, government benefits, investments, real estate, and scenario analysis. It also supports both U.S. and Canadian retirement planning, which can be particularly relevant for Canadians.
Rather than assuming that one calculator is right for everyone, consider what you need the software to model. Your country, tax system, retirement income sources, investments, property, spending goals, and desired level of detail can all affect which planning features are most useful to you.
If you want to explore your retirement plan using U.S. or Canadian retirement assumptions, you can try Retirementize and build a plan with your own numbers.
