Have you seen this? It’s GREAT! Vanguard has a very “simple to use” tool that lets you slide a few bars and get an idea of whether your nest egg will last long enough to fund your retirement. They use the Monte Carlo simulation, which is a basically a really big math equation with lots of variable inputs. Since I have a bachelor of arts degree, I’ll just leave it at that.
Anyway, they’ve done a great job of creating a non-intimidating approach to looking at your nest egg and determining if it will last long enough. Go check it out:
