UX Researcher
Section 14 Retirement Calculator
Close your retirement shortfall by beating inflation
It’s hard to figure out if you are saving enough for retirement especially with the future income value not relating to today’s value. To make things easier for the client, a Financial Advisor will use the Section 14 retirement calculator to educate the client about inflation while showing them their income gap in today’s value.
My role
UI Designer
Year
2018
Project Objective
S14 retirement calculator was created to replace excel spreadsheets that Financial Advisors would use as they would outdate due to the prediction being market-related and changed by the week.
See the effect of inflation on your retirement income
We used infographics to illustrate how your monthly income today would need to be in the future to cover the same costs. How petrol increases over time due to the effect of inflation was used as a comparable metric.
Compare your retirement at future and present value
Choose a graph that helps you understand your outlook better and toggle between views of ‘at retirement’ or ‘post retirement’, and future or present value.
Tweak your results to close your income gap
See the different ways you can close your income gap with an easy to understand slider than automatically updates your outlook graph.
Graphs catered for colour blindness
Financial Advisors like to print out the graphs, but most of the printers in the office are black and white – resulting in the graphs being washed-out and hard to distinguish.
To investigate, users were presented with different colour combination charts without context and were asked to pick ones that resonated with them.
This resulted in them choosing the charts with high contrast to easily distinguish and separate the colours, and a muted colour palette with a happiness association to blue (calm & comfortable) and green (winning, completed & money).
These charts were then ran through a colour blindness simulator and the ones that passed the test were presented to a different group of users.
We then asked if they understood what the graph was trying to convey, and they responded with understanding the graph is a compositional breakdown of completed amounts against a whole amount (a goal and what is left to achieve).
