Originally Posted by ats5g
I thought the $200 version of the ESPlanner allowed Monte Carlo simulations with various investment portfolios? No?
The $199 version does include Monte Carlo simulations & you can use a use canned asset classes or create your own. Then assemble them into one of 10 portfolios. You then assign the portfolios to your taxed & tax-deferred accounts. You can change portfolios as you age - for example, to get more conservative.
The outcomes from the MC analysis is useful to see how your AA choices affect the possible outcomes, but the "recommended" living standard is too high. As I said before, they are planning on a new feature which will take into account a users risk aversion to give a more realistic recommendation.
Larry and the chief developer participate in the user forum & they are very responsive to questions, suggestions etc. I find it quite educating. At $199 - its worth the education.
If you register at the site, you can download the user manual which gives you a lot of info on the program. Boy! I sound like a sales rep for ESPlanner - though not a very good one. I'm not affiliated to it in any way.