Methods and tools for facilitating the installation and/or removal of a rotor on a shaft of a gas turbine engine are provided. The tool includes a stabilizer attachable to the shaft and including a first guide counterpart. The tool also includes a holder attachable to the rotor and including a second guide counterpart for engagement with the first guide counterpart of the stabilizer. Engagement of the first and second guide counterparts guides movement of the holder relative to the stabilizer along a guide axis and prevents movement of the holder relative to the stabilizer transverse to the guide axis.