Safe Retirement Spending Using TensorFlow
I was actually paid to build something like this once.<p>A financial products company wanted a visualization tool that would let a customer enter their wealth, pick a variety of investment strategies, spending strategies, and retirement durations, and then see how it all played out over historical data.<p>You could scrub a timeline back and forth to change the starting year, and see your weath and spending charted out over the course of that retirement.<p>It was best retirement savings education I've ever seen. Almost every retirement planner just shows you averages, and life looks simple and predictable. Reality is very, very different.<p>Things I learned:<p>1. The stock market will probably crash at some point during your retirement, and you will loose half of any wealth you have in it.<p>2. In spite of the big drops, the higher compounding rates of stocks mean that a bond heavy retirement gives you way less money, even in the worst market retirement years. 30 years lets money grow for a long time.<p>3. Attempting to spend as much money as possible drastically increases your odds of running out of money, or suddenly having a lot less to spend.  (Seriously, what is up with people attempting to run out of money exactly on their 95th birthday?)<p>4. Any retirement planning should take into account that you could end up with way more, or way less money that you thought.<p>(Sadly, the web app was never released by the company.)