Retirement Spending Confidence Tool

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Retirement Spending Confidence Tool

Inspired by a conversation on:

Early Retirement - Financial Freedom

Early Retirement - Financial Freedom

6 Surprising Statistics About Wealthy Retirees

Host: Ari Taublieb, CFP®, MBA

Timestamp: 00:11:08 - 00:12:00

Listen to Episode • View Podcast • All Ideas from Early Retirement - Financial Freedom

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Feather Flow

Direct Quote

"And we'll show them. Here's what it would look like. And sometimes I find clients totally shift in this moment and they go, wait, so if I'm the most like unlucky person ever, I'm still not going to run the risk of running out of money. Like what am I worrying about?"

Market Gap

Many retirees fear running out of money despite having sufficient funds.

A significant number of wealthy retirees experience anxiety about outliving their savings, even when they have considerable assets. This fear is often exacerbated by uncertainties surrounding healthcare costs and market volatility. The 2023 EBRI retirement confidence survey revealed that one in three high-net-worth retirees are concerned about the possibility of running out of money. Current financial planning tools may not effectively address these emotional concerns, leading to underspending and missed opportunities for enjoying retirement. Without a solution, retirees may continue to live in fear, impacting their quality of life and financial decisions.

Summary

The idea is to create a 'Retirement Spending Confidence Tool' that helps retirees visualize their financial scenarios and understand the implications of their spending habits. By inputting their assets, expected expenses, and potential healthcare costs, users can generate simulations that demonstrate how different spending levels affect their long-term financial health. This tool could employ algorithms to model various market conditions and healthcare expenses, showing retirees that even in worst-case scenarios, they are unlikely to run out of money. This platform targets high-net-worth individuals who may hesitate to spend, providing them with clarity and confidence in their retirement plans. It could be implemented as a simple web application or integrated into existing financial advisory services, leveraging insights from the podcast's discussions.

Categorization

Business Model
SaaS
Target Founder
Non-technical
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$5,000 - $10,000 MRR
Moderate (Most Likely)
$10,000 - $25,000 MRR
Optimistic
$25,000 - $50,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
7/10
Feasibility
6/10
Market Potential
8/10
Evidence
7/10
Overall
7/10
Found on September 22, 2025 • Analyzed on September 22, 2025 10:15 AM

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How should I validate this saas idea before building it?

2:34 PM

Great question! For a saas idea like this, I'd recommend starting with these validation steps:

  1. Customer interviews: Talk to Non-technical to understand their pain points
  2. MVP approach: Build a simple landing page to test demand
  3. Competitor analysis: Research existing solutions and identify gaps

Would you like me to help you create a specific validation plan for your medium difficulty idea?

2:35 PM

Yes, and what about the technical implementation? Should I build this myself or hire a team?

2:36 PM

Based on your idea's complexity and 3-6 months, here's my recommendation:

Technical Strategy:

  • Start with no-code tools for rapid prototyping
  • Consider your technical background and available $1,000-$10,000
  • Plan for scalability from day one

I can help you create a detailed technical roadmap and resource allocation plan...

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