REWahoo
Give me a museum and I'll fill it. (Picasso) Give
You are correct.A couple posts have said FireCalc doesn't do Monte Carlo. But it has this option on the Investments tab: "A portfolio with random performance, with a mean total portfolio return of % and variability (standard deviation) of %. Assume an inflation rate of %."
Am I mis-interpreting that?
FIRECalc does have a Monte Carlo option, which was an add-on, not the default methodology for the calculator. FC was designed and programmed based on historical performance and I believe that is where the real value of the program lies. There are many Monte Carlo calculators out there but very few that allow you to test your spending plan against the past 140 years of actual market data.