The Current Market's Effect On Retirement Spending
Last time, we compared retirement spending rules using historical data, but I believe we can arrive at a much more realistic picture for today's retirees using Monte Carlo simulations. To that end, today I want to simulate these strategies with Monte Carlo simulations for stock and bond returns using current market environment as a starting point.
Pfau, Wade D. PhD, "The Current Market's Effect On Retirement Spending" (2017). Faculty Publications. 684.