I have always wonder if I am ready to retire or force to retire (due to layoffs) base on my assets. However, I was not able to find one that is able to do projections that includes SRS and CPF Life payout. Thus I started out this mini-project to come out with one that is able to show how long my retirement funds can last and till at what age. I have also included the Monte Carlo simulation to stress test this portfolio and tell you the percentage of success base on your input parameters.
Most of the input fields are self-explainatory. I will explain these for clarity.
Cash Floor - For some, during retirement, they want some safety net by keeping a certain amount of cash all the times.
Travel Window - This is fix for first 10 years as most tend to travel more when they are just retired, and this also make sense as they are still the most healthy.
MC Trials - This is how many times you want the Monte Carlo simulation to run and stress test your portfolio.
Income Stream - This is the income you may receive from either property rental, stocks dividend, or any other.
The algorithm also cater for reduction in spending to the base expense from age 76 onwards. This make sense as one enters the slow-go and the no-go years.
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