ProjectionLab is a powerful, privacy-conscious financial-planning tool for detailed FIRE and life-event modeling, with granular assumptions and Monte Carlo projections — popular with the FIRE community.
| Feature | Richify | ProjectionLab |
|---|---|---|
| Net Worth Tracking (USD) | All assets & liabilities | Planning inputs, not live tracking |
| Detailed FIRE / Life-Event Modeling | Scenario presets | Deep, granular planning engine |
| Monte Carlo / Projections | Outcome estimates | Advanced Monte Carlo |
| AI Explanations & Coaching | Built-in AI (Felix) | ✗ |
| Country-Native Account Rules | 401(k)/Roth/HSA framing | Configurable, manual |
| Property & Mortgage in Net Worth | Built-in, manual | Modeled as assets |
| What-If Scenario Planning | Recession, rates, Roth conversions | Highly detailed scenarios |
| Privacy-First (no linking required) | Manual entry | Manual-friendly, optional linking |
| Mobile App | iOS & Android | Web-first |
| Everyday Tracking & Benchmarks | Age benchmarks, ongoing | Planning-session focused |
| Multi-Country Support | 7+ countries | Flexible / global |
| Pricing | Free trial, then paid plans | Free tier + paid subscription |
The Verdict
ProjectionLab is the better tool if you want the deepest possible financial-planning model — granular life events, tax assumptions and Monte Carlo projections. Richify is the better fit if you want ongoing all-asset net worth tracking with built-in AI explanations, country-native account framing and quick what-if scenarios on your phone. Both are privacy-first. Choose ProjectionLab for planning depth, Richify for AI-explained everyday tracking — or use both. Richify offers a free trial before paid plans.
Last reviewed: · Reviewed by the Richify team
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Try Richify — Free TrialThey overlap but lead with different strengths. ProjectionLab is a powerful financial-planning engine for detailed FIRE and life-event modeling with Monte Carlo projections. Richify is an all-asset net worth tracker with built-in AI explanations, country-native account framing and ready-made what-if scenarios. If you want the deepest planning model, choose ProjectionLab; if you want ongoing tracking plus AI-explained scenarios, choose Richify.
ProjectionLab is manual-entry friendly and is known for a privacy-conscious approach, with account linking optional rather than required. Richify is also privacy-first and manual-entry — so on privacy the two are similar; they differ mainly on planning depth versus AI-explained tracking.
ProjectionLab. Its modeling of life events, tax assumptions and Monte Carlo outcomes is more granular than Richify's scenario presets. Richify focuses on making tracking and scenarios easy to understand with AI rather than maximizing modeling depth.
Built-in AI that explains your finances in plain English, country-native account framing (401(k), Roth, HSA), ongoing net worth tracking with age benchmarks, and native mobile apps for everyday use.
Yes. Some people use ProjectionLab for an occasional deep planning session and Richify for day-to-day net worth tracking and quick what-if questions.
No. Richify is educational — it explains and models, but does not provide personalized investment advice or direct you to specific products.
Comparison is educational only. Features and pricing may change. We strive for accuracy but recommend verifying directly with each service.