When can I retire, how much will I need, is it really enough to support my lifestyle? So many questions, so few answers. There really is no guarantee, but there are probabilities.
The Monte Carlo Retirement Simulator helps you to see how likely it is that you money will last through your retirement period. Just enter your retirement nest egg amount, your annual withdraw rate, your stocks-bonds investment mix and let the simulator do the rest. It will simulate 20,000 scenarios and tabulate the results to show you just how likely you are to live comfortably or run out of money in retirement.
Instead of using a fixed rate of return for investment and fixed inflation rate, the Monte Carlo Retirement Simulator uses historical data from the US to model how your stocks and bonds will perform, and how inflation will erode your purchasing power.
Disclaimer: This program is for illustrative purposes only and should not be used for financial decisions. For retirement planning consult a certified financial planner.
