Yahoo Retirement Calculator

The Yahoo retirement calculator is a poor retirement calculator.  Even on the website where it is posted on Yahoo Finance, the readers only rate it as "Good".

This retirement calculator asks 12 questions to calculate your future.  This is not enough information to even come close to a good answer.

Read the fine print at the bottom of the calculator:

This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and educational purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.

Financial Calculators, Inc. is a third party provider of online calculators.  On its website, Financial Calculators, Inc. advertises "Teaser Calculators".  This is the best description I have seen for the very basic calculators that are designed to cause you to panic when you use them, since they tell you that you are going to spend your retirement living in a box under a bridge.  They get your attention so you will buy the sponsor's financial planning services.

Do not use this calculator for any serious retirement calculations.  See my recommendations for the best retirement calculators.

Note:  Picture does not show entire calculator input area.

Note:  Picture does not show entire calculator input area.

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