NewRetirement provides industrial-strength, scenario-driven retirement planning software that models savings, investments, home equity, healthcare, taxes, Medicare and Social Security to help users plan accumulation and decumulation. The platform runs thousands of simulations whenever users change inputs and is offered direct-to-consumer, to financial advisers as a private-label product, and through enterprise partners. The company charges about $120 per year for its consumer suite and roughly $1,500 per year for certified financial planner check-ins; it also sells a subscription private-label version to advisers. NewRetirement powers planning for roughly 70,000 users managing close to $100 billion in modeled plans, and has about 20,000 individual subscribers. Approximately 70% of revenue is from enterprise customers and 30% from consumers; customers include wealth managers and enterprise partners such as Nationwide. The company has roughly 50 employees and expanded into enterprise offerings in 2021 to scale distribution through workplace and adviser channels.

Total raised

$20M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2024