What rate of return do you use for investments?
Nobody knows what's going to happen to the stock market in the future. And that's the beauty of our approach – we don't just use a single stock market return to power our calculations.
Instead, we use stock market returns and interest rates that are simulated by some of the brainiest math folks in the world - actuaries. While there is a very broad range of possible outcomes that we consider (along with the interaction between those factors), average returns are as follows for various inputs:
Savings in cash accounts are assumed to be held in all cash.
Where do simulations come from? How do simulations work?
We use the same macroeconomic simulations of stocks, bonds, interest rates, and inflation that are used by hedge funds and the insurance industry.
We combine those simulations with the information you provide about your income (for the sake of taxes), savings, and goals to test your plan against thousands of different possible futures. We then summarize this data to determine the odds you're going to achieve your goals and the range of potential outcomes you might experience.
Who is the team that's offering this product? Why can you trust us?
Our founders are serial entrepreneurs with degrees in Economics, Math, Computer Science, and Business from Stanford, Yale, and Babson.
Our team is made up of financial engineers, data scientists, actuaries and computer nerds from Google, Apple, and other top Silicon Valley companies. We also have an incredible team of investors and advisors, including CPAs, CFPs, MBAs, PhDs, and a bunch of other combinations of letters you’ve probably never even heard of.
Is my data secure?
Fortunately is built with security in mind. We use the highest levels of encryption to protect all the data you provide. Your data is not stored on our servers. We do not have access to your bank account details nor do we link any personal information to the financial information you share.