Originally Posted by ERD50 View Post
That wording would need to report the interim low in the text, to match the "during" description.
-ERD50
And it does. The low value reported is the lowest value occurred from start to end, whether that's the initial value or some subsequent lower value.
I find it more useful to point out the lowest value over the course of the retirement trip than the lowest value at the end. Though, of course, for outcomes with less than 100% confidence, the low point is always at the end.
Edit: ERD50 - in the test you're running using the default values but with spending reduced to zero, try incrementing the number of years. You'll see as you go below 20, the low value reported is no longer the beginning value but the interim lower (than the beginning) value.