Merrill Unveils Online Calculator

February 22, 2005 ( - Merrill Lynch has announced the launch of a financial planning online calculator.

The Retirement Illustrator – available at – attempts to show how balancing leisure and work changes financial planning elements, according to a press release. The model attempts to build upon older models that simply used a client’s financial profile to determine the assets needed for retirement by taking into account a retiree’s post-retirement plans.

Other components of the Web site include areas in which future retirees can look at retirement goals from a lifestyle perspective -the “Explore” feature – and where they can also map out the advice and planning they need – the “Learn” feature.