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| Monte Carlo - Monaco |
Some of my readers, well, at least one, are interested in Monte Carlo tools to evaluate retirement savings.
I will not bore you with the details of Monte Carlo simulation, it is covered in a previous blog post here. It basically gives you a better estimate of how much you can spend in retirement based on your portfolio and the variability of the stock and bond markets.
The previous tool I recommended was from Vanguard.com. I recently found another tool at this website that you can try.
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