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I prefer Monte Carlo simulations. I think they do a better job of representing the possible futures based on the limited data we have from the past. But most of
by modeless 5y ago
I prefer Monte Carlo simulations. I think they do a better job of representing the possible futures based on the limited data we have from the past. But most of them are way slower than they ought to be. So I made a fast one. Just for my own use, so the UI is terrible. But it might be interesting to play around with anyway: https://james.darpinian.com/money/ https://james.darpinian.com/money/
It does a million simulations instantly as you drag the sliders around so that you can compare scenarios as fast as you can move your mouse. It also can optimize for any variable to answer questions like "how many years of work are needed to pay for each $10k increase in retirement budget". Someday when I have time I'll put a real UI on it.
- LVB 5y agoFWIW I like the bare bones UX and instant feedback. One thing though: it seems to not work on Firefox (stuck on 0.0% success rate). Chrome is fine.
- throwamon 5y agoMaybe add number inputs or change the minimum/step values in the ranges. Some of us don't even have $1000 to start with :)