Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
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Does anyone know of a free Monte Carlo simulator where you can enter different portfolio allocations of various index funds or ETFs to see the probability of the portfolio lasting to various ages with varying withdrawal percentages?
"October is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May March, June, December, August and February." - M. Twain
For what you are describing, I believe this is a better source:
Financial planners are savers. They want us to be 95 percent confident we can finance a 30-year retirement even though there is an 82 percent probability of being dead by then. - Scott Burns
I like both Portfolio Visualizer (though its data only goes back to 1972 ) and FIRECalc (less flexible but much longer data series). Some like CFIRESIM as well, but I don't personally care for the interface.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings