Killion vs Boldin: tax modelling versus simulation depth

Boldin is the most complete retirement-tax modeller aimed at individuals. Killion is the deeper simulation engine. Which matters more depends on how close you are to drawing down.

At a glance

Killion is planning and simulation software with read-only account linking. Boldin is described below in its own terms. Where a figure is quoted it comes from the vendor's published pricing and was checked on the date shown.

 KillionBoldin
Individual price$14/mo, or $11/mo billed annually ($132/yr). Max tier $24/mo or $19/mo annually.Free tier available. PlannerPlus $144/yr for new subscribers ($12/mo billed annually); existing subscribers stay at $120/yr.
Free entry pointFree interactive demo with no account. Simulations run on a sample household.Free plan with a reduced feature set.
Account linkingRead-only brokerage and crypto linking via SnapTrade. Cash and bank balances are entered manually while automatic bank linking moves to a new provider.Account linking for net worth and balances.
Tax modellingNot modelled today. Killion projects pre-tax outcomes and states so; tax-aware withdrawal sequencing is not implemented.Roth conversion modelling, tax-bracket and IRMAA-aware planning. This is the product’s centre of gravity.
Simulation method1,000-path regime-switching Monte Carlo with fixed seeds, so a run reproduces.Monte Carlo with optimistic/pessimistic assumption sets.
Historical backtestingHistorical backtesting against real market data going back to 1928.Not the primary method.
Withdrawal rulesFixed real dollar, fixed percentage, Guyton-Klinger guardrails, Vanguard dynamic spending, and endowment smoothing.Withdrawal-order and spending strategies with tax awareness.
Human adviceNone. Killion is software; it is not a registered investment adviser.Paid sessions with financial advisers are available.

Boldin details checked on against the Boldin pricing page. Vendors change prices; verify before deciding.

Where Boldin is genuinely ahead

Boldin models the tax side of decumulation properly: which account to draw from, what a Roth conversion in a low-income year does to lifetime tax, and where the IRMAA cliffs sit. For someone five years from retirement, those decisions are often worth more than a better return model.

Killion does not model taxes today. Projections are pre-tax, and the product says so rather than implying otherwise. If tax sequencing is the question you came with, Boldin answers it and Killion does not.

Where Killion is ahead

Killion’s engine is the product rather than a feature of it. Returns come from a regime-switching model in which bad years cluster, runs are seeded so results reproduce, and the same plan can be backtested against every starting year since 1928 rather than only sampled.

That matters most for the questions Monte Carlo is actually good at: how much sequence-of-returns risk you are carrying, how much a flexible spending rule buys you compared with a rigid one, and how wide the range of outcomes really is around the median you were quoted.

Killion also ships five named withdrawal rules — including Guyton-Klinger guardrails and Vanguard-style dynamic spending — and benchmarks them against each other on identical simulated markets.

They are not mutually exclusive

These two products answer different halves of the same problem, and plenty of people run both: Boldin for the tax and Social Security decisions, Killion for the simulation and the stress tests. At $132 and $144 a year that is a real cost, but it is a fraction of one year of a 1% assets-under-management fee on a $500,000 portfolio.

Which one to choose

Choose Killion if

  • You want to stress-test the plan itself: what a crash in year one of retirement does, how a guardrail rule changes the ruin rate.
  • You want every figure reproducible, with the engine documented rather than described.
  • You are still accumulating and the tax question is years away.
  • You want an AI assistant with your real holdings in context.

Choose Boldin if

  • You are within a decade of retiring and Roth conversion sequencing is the live decision.
  • You want IRMAA and tax-bracket thresholds modelled explicitly.
  • You want the option to buy time with a human adviser inside the same product.
  • You want a free tier to start on.

More comparisons

Frequently asked questions

Is Killion a Boldin alternative?
Partly. Killion replaces Boldin’s simulation and net-worth tracking with a deeper engine, but it does not replace Boldin’s tax and Roth conversion modelling, which Killion does not implement.
Does Killion model Roth conversions or IRMAA?
No. Killion’s projections are pre-tax. If Roth conversion sequencing is your main question, Boldin is the better tool for it.
How much does Boldin cost in 2026?
Boldin PlannerPlus is $144 per year for new subscribers ($12 per month billed annually), with existing subscribers held at the previous $120 per year. Verified 9 August 2026.
Does Killion give financial advice?
No. Killion is software and is not a registered investment adviser, broker-dealer or financial planner. Boldin sells access to human advisers; Killion does not.