Monte Carlo simulations

THE RETIREMENT CONCIERGE: VOLUME 116 SIMPLE, BUT NOT EASY

 

Dear SharonAnn:

June 14, 2015 (San Diego's East County) - I will be 66 years old and retired by year-end. I am single, in good health, my parents are still living and healthy, and my grandparents passed away in their late 90s so it is likely that I have at least 30 years ahead. I am concerned that my nest egg will not last as long as I do. I want to know for sure! Is there a way to prove the projections made by my financial advisor? I have about $1.5M in 401K investments, I own my own home outright, and Social Security will be $2350 per month.