Anyone familiar with the Quantext Portfolio Planner Monte Carlo simulation and how the ESPlanner MC simulation differs? I've been using both to come up with probabilities of sustainable income in retirement based on current savings and various asset allocations.
Quantext QPP seems a bit more robust and able to handle more differing assets to give me a bit more confidence in planning future allocations.
Comments?
Thanks
RTR
Disclaimer: ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO, are educational calculators designed to give users input in mapping out financial futures, but should not be acted upon as a complete financial plan. The creators of these programs are not certified, registered, authorized, or any other type of financial planners. These programs are simply tools for helping you think through economic futures. Its "recommendations" should be viewed as informative inputs into your own decision-making with respect to saving and the purchase of life insurance. ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.
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