Wondering if your retirement plan is on track? It is hard to plan for retirement and even harder to know if you are reaching your goals.
One type of retirment calculator that takes into account the ups and downs of returns of investments is a Monte Carlo Simulation Calculator. This calculator takes in your inputs of income, savings, inflation, etc. and runs it through simulations based on past market performance. The theory is to give you a, hopefully, more accurate idea of whether your retirement plan is on track.
Several calculators are available online to try. You may want to consider trying one as one more tool in your investing toolbox.
