A Monte Carlo simulation can help predict how much to withdraw from retirement savings, but can also fall short in certain scenarios.

VIDEO: Run Monte Carlo simulations in Excel with this simple workaround.

Munich-based Thetaris has announced the laucnh of Theta Suite XL, a Microsoft Excel toolkit designed specifically for Monte Carlo simulation. The toolkit uses a proprietary coding language, ThetaML, ...

A Monte Carlo simulation helps investors by modeling potential investment outcomes using randomization and computer algorithms.

What is Monte Carlo? How might you go about using Monte Carlo simulations for your retirement plan? Well, first you need to understand what Monte Carlo is and what it isn’t.