This software provides a convenient means to perform a Monte Carlo simulation on the question of whether savings for retirement will actually last through the entire retirement. This is also relevant for how much life insurance one should carry for the purposes of income replacement.
The idea is to use historical economic data to estimate the returns on investment, and use life tables to estimate life expectancy. Inflation is also accounted for by increasing the yearly expenses by the rate of inflation.
An IPython notebook with an introductory example can be viewed on nbviewer.
- matplotlib
- numpy
- scipy
- pandas
- uncertainties
- xlrd
This software is released under the 3-clause BSD license. See LICENSE file.