Because there is no precise answer to the retirement question and because retirement planning is not an equation to be solved, you/we have to model the future with tools and calculators in order to get a feeling about different scenarios, because we cannot predict the future. This is the state of the art in retirement planning. And probably always will be. However, you can prepare for it. We show you how.
FIRECalc offers you a probabilistic analysis, by default the program does a rolling historical analysis using economic data that goes all the way back to 1871. It offers a number of other simulation and modeling options, making it a very powerful calculator. However, the input screens can be difficult to read. www.firecalc.com
Retirement Nest Egg Calculator:
Asset Allocation System for Retirees
Just because you're retired doesn't mean you can relax when it comes to your investments.
Be sure to review your portfolio every six months to account for changes in your circumstances.
AA-Tool for simulation:
It will also show you the returns that the target portfolio may produce, based on historical averages.