John O’Connell Published in Advisor Perspectives by VettaFi: Using AI to Create a Monte Carlo Retirement Simulation
John O'Connell2025-05-28T21:35:49+00:00John O’Connell wrote this bylined article for Advisor Perspectives by VettaFi, where he discusses the application of AI, specifically Claude, to generate a Monte Carlo retirement simulation. He details how he used Claude to create a retirement simulation for a hypothetical couple, providing specific financial details such as their current savings, annual contributions, retirement spending goals, inflation, and asset allocation. John emphasizes that AI can make sophisticated financial modeling more accessible to both individuals and wealth managers, aiding in informed retirement planning. However, he cautions that these AI-driven simulations should complement, not replace, professional financial advice.