ProjectionLab

by ProjectionLab  · Based in United States → — Modern Financial & Retirement Planning Tools
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Freemium

Overview

ProjectionLab offers modern financial, retirement, and estate planning tools designed to help individuals, including physicians, simulate their financial future and plan for early retirement and financial independence. The platform allows users to build nuanced financial plans, capturing important details that other retirement calculators might miss. Users can define milestones, plan for financial independence, gauge their chance of success through Monte Carlo simulations, and reduce financial anxiety. The tool visualizes a user’s entire financial life, enabling them to discover possible outcomes, identify trade-offs, backtest against historical data, and experiment with various investment strategies, account types, contribution orders, drawdown options, and portfolio blends. It provides detailed annual breakdowns of estimated taxes, cash-flow, and drawdown, and also models estate planning. ProjectionLab helps optimize financial futures by testing hundreds of strategies in seconds, including Roth conversions, capital gain harvesting, and drawdown order, to target federal brackets, IRMAA cliffs, or ACA limits. The platform also allows users to track their progress over time, journal their actual financial journey, and compare it against initial projections. It supports international scenarios with various display currencies and a growing list of international tax presets and account types for countries like Canada, the United Kingdom, Australia, Germany, and the Netherlands.

Reviewed by Pouyan Golshani, MD — Interventional Radiologist

Key Features

  • Monte Carlo Simulations
  • Cash Flow Analysis (Sankey diagrams)
  • Tax Analytics and Optimization
  • Estate Planning
  • Historical Backtesting
  • Scenario Modeling and Comparison
  • Roth Conversions
  • Early Retirement Planning (FIRE)
  • International Tax Presets and Account Types
  • Progress Tracking

Use Cases

  • Simulating financial future and charting a course toward financial independence
  • Planning for early retirement
  • Optimizing tax strategies (e.g., Roth conversions, capital gain harvesting)
  • Modeling estate planning and legacy
  • Analyzing cash flow and estimated taxes year-by-year
  • Testing different investment strategies and portfolio blends

What Physicians Need to Know

Tax Optimization Strategies
ProjectionLab offers advanced tax optimization strategies including Roth conversions, capital gain harvesting, and strategic drawdown order. Users can set target tax brackets or income ceilings (e.g., federal brackets, IRMAA thresholds, ACA subsidy limits, NIIT cliff) and the tool will optimize the plan accordingly. It coordinates these strategies to work together, accounting for interactions between them.
1099/W-2 Support
ProjectionLab allows for income and expense modeling, which would encompass W-2 income. While not explicitly detailing 1099 support, its comprehensive income modeling and tax estimation capabilities suggest it can handle various income types.
Real-Time Market Data
ProjectionLab does not link directly to bank or brokerage accounts for real-time data. Users manually enter and update their financial numbers. It does, however, offer historical backtesting against market data through 2024 and Monte Carlo simulations to test plans against market volatility.
Retirement Planning (401k/403b/457)
The tool provides robust support for various US retirement account types, including 401(k), 403(b), 401(a), 457(b), and their Roth versions. It helps users understand the benefits, optimize contribution rates, and strategize for employer matches. It also models Social Security benefits, including early reduction factors and delayed retirement credits.
Student Loan Optimization
ProjectionLab helps users visualize the impact of liabilities like student loans on their financial plan and can assist in strategizing debt repayment, including paying off debt early.
Disability Insurance Analysis
While ProjectionLab models Social Security Disability Benefits as a potential income source, it does not explicitly mention features for analyzing or integrating private disability insurance policies.
Contract Review Features
There is no information available to suggest that ProjectionLab offers contract review features.
Crypto/Alternative Assets
ProjectionLab allows users to include crypto and other real assets like homes in their financial plans.
Multi-State Tax Support
ProjectionLab offers more accurate state and local tax modeling, allowing users to account for unique tax rules, including local income taxes, property taxes, and state taxability of retirement income. It also supports modeling relocation between states or even countries, adjusting tax changes accordingly.
Physician Tip

Physicians can leverage ProjectionLab's detailed tax optimization strategies, especially Roth conversions and managing income to avoid IRMAA surcharges, which are highly relevant for high-income earners. The comprehensive retirement planning for 401k/403b/457 plans is crucial for physicians with various employer-sponsored options. The ability to model student loan repayment strategies is also beneficial for many physicians. While it doesn't link accounts, the manual input ensures data privacy, which can be a significant advantage for those concerned about sharing sensitive financial information. The multi-state tax support is valuable for physicians who may move for training or practice.

ProjectionLab offers a plugin API to sync data with other tools like You Need A Budget (YNAB) or Monarch Money, with more integrations planned.

Details

Category Physician Finance & Tax
Pricing Freemium
  • Basic (Free): Core financial planning, forecasting, Monte Carlo simulations, historical backtesting; data is saved
  • Premium ($129/year): Full feature set including cash flow visualizations, Compare Mode, tax optimization, Roth conversions, drawdown strategies, estate planning, international planning, and downloadable reports
  • Pro ($549/year): All Premium features for financial professionals working with clients, includes a client dashboard and 10 client seats
  • Lifetime ($1,199 one-time payment)
DeploymentCloud-based
Compliance
BAA AvailableUnknown AI-estimated
HIPAA CompliantUnknown AI-estimated
FDA Status Unknown AI-estimated — unknown
Integrations
EHR Not specified
Specialties All specialties

What the Web Says

ProjectionLab is a retirement and financial planning software praised for its strong visualizations, scenario modeling, and tools for early retirement planning. It allows users to model their financial future, stress-test different scenarios, and understand the impact of various life decisions. While highly regarded for its flexibility and comprehensive approach to DIY financial planning, some users note a steeper learning curve compared to simpler tools and a desire for more advanced features like automatic account syncing and deeper tax planning as their financial situations become more complex.

Overall: Positive

Strengths

  • Outstanding and interactive visualizations for financial planning.
  • Excellent scenario modeling and 'what-if' analysis, particularly for Coast FIRE and early retirement.
  • Comprehensive financial planning capabilities, including detailed tax estimates and estate planning.
  • Robust free version that offers significant functionality.
  • Flexible inputs and customizable plans, allowing for detailed modeling of various life events.
  • Privacy-focused with no linking to financial accounts and no data harvesting.

Limitations

  • Can have a steeper learning curve for new users due to the depth of its features and inputs.
  • Lacks automatic account syncing, requiring manual data entry and updates.
  • May not offer enough depth or automation for users with highly complex financial situations who desire more advanced planning tools.
  • Doesn't handle partial year inputs accurately, which can be an issue for specific retirement timings.
  • The premium version may not be essential for everyone, as the free version is very capable.
  • Some users have experienced discrepancies when comparing ProjectionLab's projections with those from traditional financial planners, likely due to differing assumptions.

Based on reviews from: ProjectionLab Review 2026: Is It Still Worth It After Nearly 2 Years?, anyone here use Projection Lab? : r/Fire - Reddit, ProjectionLab Review - New Planning Software for Financial Independence - Money Flamingo - FIRE & Lifestyle Blog, ProjectionLab experiences? : r/Boldin - Reddit, ProjectionLab Review (2026): Still Worth It After Nearly 2 Years? - YouTube, ProjectionLab Review 2026: The Best DIY Retirement Planner? - ROB BERGER, Projection Lab or Boldin, which is better for newbie DIY? : r/DIYRetirement - Reddit, ProjectionLab Review: Pros, Cons, And Alternatives - The College Investor, The accuracy of ProjectionLab? : r/DIYRetirement - Reddit, I spent 1200 hours this year building a simulator for personal finance : r/SideProject, ProjectionLab Reviews (2026) | Product Hunt, ProjectionLab Review: Powerful DIY Financial Planning (+ Video) - Retire Before Dad, ProjectionLab - Modern Financial & Retirement Planning Tools, ProjectionLab Review and Coupon Code: Retirement Planning Beyond Social Security, ProjectionLab Cost 2026: Worth It or Overpriced - YouTube, ProjectionLab Review and Tutorial: RBD demonstrates this powerful DIY financial planning tool. - YouTube

Last updated: 2026-08-06

Ratings & Reviews

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Press & Coverage

BigGo Finance
ProjectionLab Reaches $1M ARR Without Funding, Sparking Debate on Revenue vs Profit Focus
ProjectionLab, a financial planning tool, achieved $1 million in annual recurring revenue (ARR) without external funding, leading to discussions within the entrepreneurial community about the importance of profit margins versus revenue growth. The company, which started as a personal project in 2021, now serves over 100,000 households and maintains approximately 65% profit margins after reinvestment.
2025-07
daily.dev
We reached $1M ARR with zero funding
ProjectionLab successfully bootstrapped from a side project to $1 million ARR in four years without external funding, a journey that involved the founder working solo for two years before building a team. The article highlights key lessons learned, including consistency, persistence, and not giving up during periods of flat growth.
2025-07
ProjectionLab
Changelog - ProjectionLab
ProjectionLab's changelog details significant updates, including a technical overhaul migrating its frontend stack to Vue 3 and overhauling backend infrastructure. Key highlights since v3.0 include the founder quitting their day job to work full-time on ProjectionLab and a complete redesign of the app, introducing features like the Cash-Flow page.
2023-06
Hacker News
Show HN: I spent 2 years building a personal finance simulator - Hacker News
The founder of ProjectionLab shared an update on Hacker News about spending two years building the personal finance simulator, which is a privacy-friendly tool for detailed financial planning beyond standard retirement calculators. The post also announced support for self-hosting for Lifetime users and highlighted the community's role in the project's continuation.
2023-07
ProjectionLab
Blog - ProjectionLab
ProjectionLab's blog features news, announcements, and updates, including an important update on self-hosting, indicating a focus on the web version of the platform. Recent posts cover topics like modeling Affordable Care Act marketplace premiums and new features in v4.5.0 related to transfers, estate planning, and charitable giving.
2026-05
ProjectionLab
We're Growing the Team! - ProjectionLab
ProjectionLab announced that Jonathan Kuipers officially joined the team full-time as a business partner, focusing on growth, marketing, and operations. This addition allows the founder to concentrate on product and development, with the company having recently surpassed 5,500 customers and helping over 75,000 people with financial plans.
2024-09
Grow Analytica | BeBee
ProjectionLab Review 2026: Best DIY Retirement Planning Tool - Grow Analytica
A review of ProjectionLab in 2026 highlights it as a professional-grade financial and retirement planning tool for DIY planners, excelling in modeling long retirements, taxes, healthcare costs, Roth conversions, and estate planning. The article praises its modern interface and ability to visualize financial decisions over decades, having been used by hundreds of thousands of households.
2026-07
Physician on FIRE
A DIY Investor's Guide to Retirement Calculators 2025
This guide for DIY investors in 2025 praises ProjectionLab as a thoughtfully designed and elegantly presented online software package for strategic long-term financial planning and complex scenario modeling. It notes the tool's excellent interface, strong performance in cash flow and Monte Carlo simulations, and robust security options.
2025-08

Videos

Product demos, reviews, and walkthroughs for ProjectionLab.

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Frequently Asked Questions

ProjectionLab can assist physicians by modeling various financial scenarios, including income from practice, investments, and potential tax liabilities. It allows you to visualize the long-term impact of different financial decisions on your tax burden, helping you plan for retirement, large purchases, and practice expansion while optimizing your tax strategy.
ProjectionLab is a personal financial planning tool and does not directly handle patient data, so HIPAA compliance is not applicable to its core function. However, when inputting your personal and practice financial data, you should always ensure you are comfortable with the platform's data security and privacy policies.
Physicians often consider alternatives such as dedicated financial planning software like eMoney Advisor or RightCapital, which are typically used by financial advisors. Other options include specialized tax planning software or engaging directly with a financial planner or CPA who uses their own proprietary tools for comprehensive analysis.
ProjectionLab typically offers a tiered subscription model, with different features available at various price points. While there aren't usually physician-specific discounts, it's always worth checking their website or contacting their sales team for any current promotions or professional pricing options.
While powerful, ProjectionLab may have limitations in handling highly complex physician financial scenarios, such as intricate partnership structures, specific healthcare tax deductions, or advanced estate planning. For these situations, it's often best to use ProjectionLab as a foundational tool and consult with a financial advisor or tax professional specializing in physician finances.
Yes, ProjectionLab can be used to model the tax implications of significant financial events like selling your practice or making large investments. You can input different sale prices, investment amounts, and associated income or expenses to see how these scenarios impact your long-term tax liability and overall financial picture.
ProjectionLab generally focuses on direct data input for financial modeling and may not offer extensive direct integrations with all practice accounting systems or other financial software. However, you can typically export data from your accounting systems and import it into ProjectionLab, or manually input relevant figures for analysis.

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Suggest an Edit → | Last Verified: 2026-08-05 | First Added: 2026-08-05
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