I recently posted a new (and free) Monte Carlo based retirement planner that you might find interesting in your search for a good retirement planning tool.
The planner can be found online at www.flexibleRetirementPlanner.com and runs inside your web browser (no excel or download required).
There are two things that I think differentiate this planner from the others out there.
1) It lets you model both the accumulation and spending phase of a retirement plan with 10,000 simulation iterations inside your web browser.
2) It can model the new “flexible” or decision-rule based withdrawal methodologies that have been discussed in recent research papers so you can experiment with them for yourself.
I hope you find it interesting….
Jim
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