Welcome to the early retirement show. If you are a long time listener, thank you. And if you are new to the show, as a reminder, this show is dedicated to helping you retire early, otherwise known as the show dedicated to helping you understand what you have to do to be in a position where you are financially free, where work is now optional. So whether you are a few years out from retirement and you just want to know everything to prepare

for that big date or you're new in your journey and you want to get a head start on maximizing

what you've worked so hard for throughout your life, this is the show for you.

So we discuss everything from investments to taxes to insurance and everything that comes

in between.

So without further ado, let's go ahead and hop into today's episode.

Welcome back to the show.

And I want to say a big thank you to everyone who has been watching the videos on

YouTube. It's been great seeing feedback there as well as through the podcast reviews. So

thank you so much to all of those who continue to leave those. It's very fun for me to see them

and another reason I love getting to do this. So today's episode, a bit of an interesting one. I kind of say all of them

are interesting now, just because they are to me, but I hope they are certainly to you. And if they're

not, remember always submit a question to me on my website, early retirement podcast.com, and I'll

answer that in a future episode. So today's episode is about a Monte Carlo analysis and

specifically why you should not use that to retire. Now you might hear that and go,

Ari, that does not even sound like English. I don't have a friend named Monte Carlo. What are you

talking about? And I'm going to discuss that in today's episode. So I promise to give you a full summary and an understanding of what this even is.

So you might have heard of a friend or a neighbor or someone here about a Monte Carlo analysis.

What it is is it's a model that's used to predict the probability of different outcomes when there are different

variables involved.

So very simply, it tells you what's your probability of having a successful retirement outcome.

Now, to me, there's a few great things about it, and there's a few not-so-great things about it,

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