This dashboard is designed to help users visualize and project their retirement savings, taking into account various income sources, deductions, and economic factors. It aims to provide a comprehensive view of financial health at key time horizons, guiding informed decision-making for a secure retirement.
Click on the link below to watch the video:
https://drive.google.com/file/d/1LfRIz9pScLAwF-O0jyZM4guJ4wq0tInL/view?usp=drive_link
https://aibydesign.io/blog/retirement-planning-with-replit
The information provided and the associated retirement planning app are for informational purposes only and should not be considered financial advice. Consult with a qualified financial advisor before making any investment decisions.
Comprehensive Savings Projections: Calculates and displays retirement savings projections based on salary, bonuses, RSUs, and investment returns across various accounts (401k, HSA, IRA, HYS).
Tax and Limit Considerations: Factors in federal and state tax implications, inflation adjustments, and annual maximum contribution limits for accurate projections.
Key Time Horizon Visualizations: Presents savings projections at key time horizons using interactive Plotly graphs for easy understanding of long-term growth.
Detailed Income and Expense Modeling: Accounts for various income sources (salary, bonus, RSU, dividends) and expenses, including annual paychecks and employer contributions.
A comprehensive retirement savings calculator dashboard that helps visualize and project retirement savings considering multiple income sources, deductions, and economic factors at key time horizons.
Core Features: Calculate and display retirement savings projections considering salary, bonuses, RSUs, and investment returns (401k, HSA, IRA, HYS) Factor in tax implications (federal and NY state), inflation adjustments, and maximum contribution limits Show savings projections at key time horizons using Plotly graphs Account for expenses, 26 annual paychecks, employer contributions, and dividend income
Retirement Horizon: Current Age: 35 years Retirement Age: 65 years Years Until Retirement: 30 years Current Balances: Current savings: $50,000 Current Traditional IRA: $50,000 Current Traditional 401k: $50,000 Current monthly expenses: $4,000 Current Assumptions: Annual salary: $100,000 Annual Merit Increase: 3.25% Annual Investment Return: 6% (a common assumption for long-term stock market returns) Current APY on savings: 3.8% Annual 401k contributions: Annual Maximum (currently $23,500 in 2025) Annual IRA contributions: $0 401k traditional contribution 8% per paycheck Employer 401k match: 6% Visual References: Inspired by Vanguard's retirement planning tools and Fidelity's wealth management dashboards, known for their clear financial data visualization and projection tools.
Style Guide: Colors: Primary #006D75 (teal), Secondary #2E5E82 (navy), Accent #FFB74D (gold), Background #F5F7FA (light grey), Text #333333 (dark grey), Success #4CAF50 (green) Design: Inter/Roboto fonts, clean dashboard layout with input forms and large visualization areas, clear data labels, responsive design with easy-to-read numbers and charts
Don’t write the code yet. For now, just come up with the plan.
The dashboard utilizes user-provided data on current savings, income, and expenses, along with assumptions on investment returns, inflation, and contribution limits. Default values are provided based on common financial planning guidelines, but users can customize these to match their individual circumstances. Visual Design
Inspired by industry-leading tools from Vanguard and Fidelity, the dashboard prioritizes clear and intuitive data visualization. It features a clean layout with input forms and prominent visualization areas, using a color palette and typography that promote readability and accessibility.
Frontend: HTML, CSS, JavaScript, Plotly.js
Backend: (To be determined based on data storage and calculation needs)
Monte Carlo Simulation: Incorporate Monte Carlo simulation to model a range of potential investment outcomes, providing a more nuanced view of retirement readiness.
Dynamic Asset Allocation: Allow users to adjust asset allocation strategies over time, reflecting changing risk tolerance and market conditions.
Tax Optimization: Integrate tax optimization strategies, such as Roth conversions and tax-loss harvesting, to help users minimize tax liability.
Goal Planning: Enable users to set and track specific retirement goals, such as travel or early retirement, and receive personalized advice.
Contributions to the project are welcome! Please see the contribution guidelines for more information.
This project is licensed under the MIT License.