Retirement Probability Simulator (RPS)
See our post of June 6, 2026 for more discussion of this tool
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Those interested in reading more about the basic actuarial principles advocated in this website may find the April, 1989 monograph, "FundamentalConcepts of Actuarial Science" to be of interest.
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Milevsky Probability of Portfolio Ruin Calculator (Calculator and Paper)
See Post of December 16, 2014 for further discussion of this calculator.
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Analyzenow.com
This site contains a much more sophisticated spreadsheet (Free
Retirement Planner) than the ones contained in this website. It
determines the monthly spendable amount after estimated taxes and
reflects actual Social Security that you are receiving. It also allows
you to input separate starting dates for your and your spouse's Social
Security and pension benefits. As noted in the March 2010 article, the
tool you use to determine the initial spendable amount is generally less
important than making reasonable assumptions and following the General
Actuarial Process to adjust for actual experience and changes in
assumptions during your remaining retirement years, but you may wish to
use this more robust program in your planning. Analyzenow.com is
authored by Henry K. "Bud" Hebeler and contains a wealth of good
information about financial aspects of retirement planning.
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Actuaries Longevity Illustrator
- See post of May 8, 2016
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Northwestern Mutual Life Insurance Company Lifespan Calculator
