Will assets last through retirement? How could funds be deployed in retirement? Adviser Stephanie Richman outlines how Monte Carlo simulation and professional advice can help answer these questions.

It is possible to do Monte Carlo simulations using ordinary spreadsheet software, but many forecasts use specialized statistical software packages to generate the simulations.

Expect the unexpected: Risk assessment using Monte Carlo simulations With software such as Microsoft Excel, CPAs can perform statistical simulations to assess the potential upside and risk of business ...

Another classic approach to studying retirement withdrawal rates are Monte Carlo simulations. Simply put, these simulations provide a way to develop sequences of random market returns fitting ...

This article derives an estimation procedure to evaluate how many Monte Carlo realizations need to be done in order to achieve prescribed accuracies in the estimated mean value and also in the ...