One of the classic approaches to studying retirement withdrawal rates is to use Monte Carlo simulations that are parameterized to the same historical data as used in historical simulations. This can ...

Mark Cussen, CMFC, has 13+ years of experience as a writer and provides financial education to military service members and the public. Mark is an expert in investing, economics, and market news.

Monte Carlo Simulations are a modeling tool used to simulate reality and calculate probabilities of a portfolio supporting a certain withdrawal rate. With the market collapse of 2008, however, many ...