PV's Financial Goals model is very much like their base Monte Carlo, but it allows you so specify start and end portfolio AAs, so you could have a linear glide-path pretty easily. A non-linear glide path (as most TDFs seem to change slope) is isn't supported by PV's Financial Goals model. My Excel models allows you to specify the AA every year of the accumulation or withdrawal period; perhaps there are web-based models that do the same but PV's Financial Goals is the only one I'm aware of, but haven't really looked that hard either. If I had to guess, I'd say TPAW can likely do this, but really haven't played enough with that model yet to know for sure.There don't seem to be any packaged models that allow one to enter a scheduled asset allocation glide path, I guess?
Data and Models I use for Monte Carlo:
NYU Data Set 1928-2017 with Model Fits
Accumulation Monte Carlo
Withdrawal Monte Carlo
You'll need a MS Excel license; download to your local machine and enable macros (required for the 1,000 random trials and results aggregation).
Statistics: Posted by bonesly — Sat Jan 04, 2025 2:26 pm