I have created a recommended annual consumption report with Monte Carlo turned off. My question is this: If i now run Monte Carlo, how can I determine the probability of this this recommended portfolio withdrawal rate "failing"-- i.e., getting to zero before I die? Conversely, how can I fund an annual consumption rate that has a less than 5% chance of failing?
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Try using the Spending Behavior in the Monte Carlo folder.
Best,
Dick Munroe