Founder of https://www.satsfire.app - a bitcoin-friendly FIRE calculator that uses Monte Carlo simulations to help you visualize your retirement plan's probability of success.
Join the community on https://www.reddit.com/r/satsFIRE/
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Howdy! Nice site!
Thank you! Really hope you enjoy it and can find some value in it. Please ping me if you have any feedback at all, always looking to improve
I still don't understand Monte Carlo simulations lol
Thanks for sharing your app
Ha, I feel that. It's a fancy word but I can explain: ever seen the Avengers - End Game? When they use the infinity stones to create new timelines, they're basically creating alternate realities.
Monte Carlo simulations do exactly that: they just take your starting portfolio and simulate what happens to it in 1,000 different alternate realities. In some of those realities, the market crashes early and your portfolio goes to zero because you had to withdraw to support your lifestyle while the market was down a lot. But in other realities, the market does really well and you end up rich.
infinity stones and alternate realities
1000 different alternate realities
I like your explanation!
Now off to playing Baccarat
Howdy, Welcome to Stacker News
Cheers!