Using Monte Carlo Methods for Retirement Simulations
Portfolio Management
2023-11-22 v2 Risk Management
Abstract
Retirement prediction helps individuals and institutions make informed financial, lifestyle, and workforce decisions based on estimated retirement portfolios. This paper attempts to predict retirement using Monte Carlo simulations, allowing one to probabilistically account for a range of possibilities. The authors propose a model to predict the values of the investment accounts IRA and 401(k) through the simulation of inflation rates, interest rates, and other pertinent factors. They provide a user case study to discuss the implications of the proposed model.
Cite
@article{arxiv.2306.16563,
title = {Using Monte Carlo Methods for Retirement Simulations},
author = {Aditya Gupta and Vijay K. Tayal},
journal= {arXiv preprint arXiv:2306.16563},
year = {2023}
}
Comments
Conference Proceedings require that all preprints be withdrawn before the paper is indexed