Have you ever used a Monte Carlo analysis to help you plan retirement? If so, the results can seem scary. You may be looking for a 100% likelihood of success so that you can rest easy–after all, you are probably hoping for a 100% successful retirement.

However, in this episode of Retirement Starts Today, you'll learn why a 100% success rate should not be your goal. Listen in to hear why.

Outline of This Episode

• [1:42] Retirement plan uncertainties
• [8:00] Don't shoot for 100% success with a Monte Carlo analysis
• [10:25] How to figure out the cost basis

Resources & People Mentioned

• Monte Carlo Failures Aren't Plane Crashes

Connect with Benjamin Brandt

• Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com/
• Follow Ben on Twitter: https://twitter.com/retiremeasap
• Join the newsletter: https://retirementstartstodayradio.com/newsletter
• Dive deeper into retirement planning with Ben at www.RetirementIncome.University

Subscribe to Retirement Starts Today on

Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify