T. Rowe Price has launched a new web-based retirement-planning tool that the company says will allow “investors to envision how they might live in retirement.” The new tool—called Ready-2-Retire—joins a suite of other interactive retirement and financial planning products that T. Rowe Price offers clients.

The company’s latest retirement tool asks investors simple questions that help them establish goals, set priorities and understand risks, according to T. Rowe Price. It then produces a personal retirement profile summarizing investors’ desired retirement lifestyle plan, their level of preparedness to minimize exposure to retirement risks and a list of next steps in the planning process.

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