Have you ever used a Monte Carlo analysis to help you plan retirement? If so, the results can seem scary. You may be looking for a 100% likelihood of success so that you can rest easy–after all, you are probably hoping for a 100% successful retirement.

However, in this episode of Retirement Starts Today, you’ll learn why a 100% success rate should not be your goal. Listen in to hear why.

Outline of This Episode

[1:42] Retirement plan uncertainties
[8:00] Don’t shoot for 100% success with a Monte Carlo analysis
[10:25] How to figure out the cost basis

Resources & People Mentioned

Monte Carlo Failures Aren’t Plane Crashes

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Monte Carlo Failures Aren’t Plane Crashes, Ep #290