BellaOnline Forums Money Investing Monte Carlo Calculators For Retirement Planning

Ever wonder if you are saving enough for retirement? Retirement calculators are a good way to get a ballpark figure of how your plan is doing. One very good type of calculator is a Monte Carlo Simulator. It simulates how your portfolio will do under a range of real world market conditions.

Monte Carlo Calculators For Retirement Planning

Have you ever tried a retirement calculator or a Monte Carlo calculator? What did you think of it?

One of the factors that will most affect the outcome of a calculator is spending. Just a small reduction in spending can often have a big impact on a retirement plan's success.

A calculator gives you a chance to try out different spending scenarios that you may then be able to implement in your budget.