Monte Carlo Analysis is a Key Part of Your Financial Projections
Financial planning requires many assumptions: Your rates of return, views on inflation, medical spending, cost of living adjustments, how much you may earn, and even your longevity age. Nothing is truly certain (except for maybe death and taxes). So how can we model into the future in a way that accounts for the uncertain nature of the future?
Enter Monte Carlo simulations
A Monte Carlo simulation is a technique based on repeated statistical analysis that simulates a range of possible outcomes for an uncertain situation. In contrast to linear projections that use a fixed return, Monte Carlo incorporates probability into financial planning by running multiple scenarios with varying returns. This makes it a valuable tool for understanding risk and stress-testing financial plans.
The Boldin Planner
The Boldin Planner is powerful software that puts you in control. It's almost like having a financial expert at your fingertips. Research shows that people with a written financial plan do 2.7 times better financially. They're also 54% more likely to live comfortably in retirement. That's not luck, that's taking control of your money.
The Boldin Planner has been named the Best Financial Planning Software of 2025 and the company was selected as a Top Innovator in UpLink's Prospering in Longevity Challenge and named to the FinTech 100 by CB Insights.
The tool is ideal for planning because it covers a comprehensive set of information relevant to retirement and lets you customize everything – including your own life expectancy.