Buyer's Guide

Compare the Top Retirement Planning Software

A straight comparison of Income Lab, eMoney, MoneyGuidePro, and RightCapital for financial advisors: methodology, features, and pricing, so you can see which fits your practice.

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#1 Retirement Distribution Tool, 3 years running (T3)

8.7/10 Advisor Satisfaction (Kitces 2025)

How the platforms compare

Capability	Income Lab	eMoney	MoneyGuidePro	RightCapital
Specific spending recommendation "How much can I spend?" answered with a dollar amount	✓	Probability %	Probability %	Probability %
Risk-based guardrails Guardrails set by the client's actual risk, monitored continuously	✓	✗	✗	Spending strategy (2021)
Continuous plan monitoring Alerts that say exactly when and how much to adjust	✓	✗	✗	✗
Full retirement planning Plan building, taxes, Social Security, annuities, stress testing	✓	✓	✓	✓
Tax planning inside the plan Roth conversions, IRMAA awareness, and withdrawal sequencing	✓	✓	✓	✓
Plan building from any file Meeting notes, transcripts, or statements become a plan in minutes	✓	✗	✗	✗
In-meeting answers with verified math Roth, IRMAA, and Social Security questions answered live, math you can verify	Penny, with a verify button	Limited	Limited	Limited
Estate planning Dedicated estate analysis and document workflows	Analysis through Penny	✓	✓	✓
Insurance analysis Life, disability, and long-term care modeling	✗	✓	✓	✓
Market position T3/Inside Information advisor software survey, 2026	#1 distribution tool, 3 years running	35.62% share	24.23% share (#3)	21.37% share
Advisor satisfaction T3 2026; Income Lab rated on Kitces 2025	8.7 / 10	8.14 / 10	7.62 / 10	8.40 / 10
Starts at	$199/month Pro $299/month	Contact for pricing	$175/month	$149.95/month
Free trial	Free 14-day trial	Varies	Available	Available

Figures from the T3/Inside Information 2026 advisor software survey and each vendor's published pricing. Confirm current pricing with each vendor before you decide.

The bottom line

Income Lab wins when

your clients ask "How much can I spend?" and you want a specific monthly answer, risk-based guardrails that monitor every plan continuously, and tax planning connected to the whole plan.

Choose another platform when

insurance modeling or dedicated estate document workflows are the center of your practice (eMoney, MoneyGuidePro), or budgeting and account aggregation for accumulation-stage households lead your client work (RightCapital).

Who each platform is for

Different practices plan differently. Here is the honest read on where each tool fits.

Income Lab

Advisors who lead with retirement income and want a specific spending answer, risk-based guardrails, and tax planning connected to the whole plan.

eMoney

Practices that need the widest planning breadth, including deep estate and insurance modeling and detailed cash-flow data gathering.

MoneyGuidePro

Advisors who want a long-established, goals-based planning workflow built around Monte Carlo probability of success.

RightCapital

Advisors who want a modern, easy-to-use suite with strong budgeting and account aggregation for accumulation-stage clients.

Income Lab pricing

Core $199/mo $1,990/year, saving 2 months

Pro $299/mo $2,990/year

Every plan includes a free 14-day trial with full Pro access. Monthly billing available. Cancel anytime during the trial.

Common Questions

What is the best retirement planning software for advisors?

There is no single best tool for every practice. eMoney, MoneyGuidePro, and RightCapital are established, broad planning platforms. Income Lab is the #1-rated retirement distribution planning tool and is best for advisors who want a specific spending answer, risk-based guardrails, and tax planning connected to the whole plan. The right choice depends on how your practice plans.

How much does retirement planning software cost?

Pricing varies by platform. Income Lab Core is $199/month ($1,990/year) and Pro is $299/month ($2,990/year). RightCapital starts around $149.95/month and MoneyGuidePro around $175/month, while eMoney is quote-based. Always confirm current pricing and what each tier includes.

How is Income Lab different from eMoney, MoneyGuidePro, and RightCapital?

Those platforms answer "How much can I spend?" with a Monte Carlo probability of success. Income Lab answers with a specific monthly spending number and uses risk-based guardrails that monitor the plan continuously and say exactly when and how much to adjust. It also builds client-ready plans from notes or statements in minutes and answers Roth conversion, IRMAA, and Social Security questions in the meeting with verified math.

Can I use Income Lab alongside my current planning software?

Yes. Many advisors run Income Lab alongside another platform during a transition, and there is nothing to cancel on day one. Income Lab imports client data directly from your custodian, so there is no migration project to schedule.

Do you offer a free trial?

Yes. Start with a free 14-day trial with full Pro access. Cancel anytime during the trial.

See the difference in 20 minutes

Bring a client scenario. We'll model it live and show you exactly what Income Lab would tell that client.

Free 14-day trial. Full Pro access. Cancel anytime.

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#1 rated retirement distribution tool. Compare side by side. Book a Walkthrough See Pricing