No one wants their retirement portfolio to run out of money before they die. Many retirement calculators use static assumptions, like a constant growth rate or inflation rate. The stock market may have average returns of around 10% per year but in any given year, it’s rarely a 10% return. Some years it can be up 18% and other years down 10% or anywhere in between. If you really want to put your retirement portfolio (or your future retirement portfolio) to the test, there are online tools to help you do that. These tools use Monte Carlo simulations, which is a mathematical technique that predicts possible outcomes of an uncertain event.  In this episode, I specifically discuss:https://thepoorswiss.com/fire-calculator/https://Firecalc.comhttps://ficalc.app/https://www.portfoliovisualizer.com/monte-carlo-simulationTwo additional tools can be found at:https://cfiresim.com/https://engaging-data.com/will-money-last-retire-early/ Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

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