Question 1

Can I retire at 62?

Accepted Answer

Whether you can retire at 62 depends on your savings, expected expenses, Social Security timing, and how long your money needs to last. RetirementScenario.com runs 1,000 Monte Carlo simulations against your specific numbers to show you your real probability of success — and what gaps exist.

Question 2

How much money do I need to retire?

Accepted Answer

The answer depends on your monthly spending goal, retirement age, Social Security benefits, and life expectancy. A common starting point is 25x your annual expenses (the 4% rule), but Monte Carlo simulation gives a more accurate picture by testing thousands of market scenarios against your specific plan.

Question 3

Am I on track to retire?

Accepted Answer

RetirementScenario.com calculates your retirement success rate using Monte Carlo simulation — showing you the percentage of scenarios where your money lasts through retirement. It factors in your current savings, contributions, Social Security, taxes, and spending goals.

Question 4

Will my money last in retirement?

Accepted Answer

Portfolio longevity depends on your withdrawal rate, investment returns, inflation, and how long you live. Our retirement stress test runs scenarios including market crashes, high inflation decades, and sequence of returns risk to show you where your plan is vulnerable.

Question 5

When should I claim Social Security?

Accepted Answer

Claiming Social Security at 62 reduces your benefit by up to 30%. Waiting until 70 increases it by 24% above full retirement age. The optimal claiming age depends on your health, other income sources, and whether you have a spouse. Our Social Security optimizer models the impact of every claiming age on your retirement plan.