maximumSpendingForMinimumRuinTimeV2: Calculates scenarios of future value of annuity payments (fv)...

In eaoestergaard/UNPIE: UNPIE Understanding Pensions In Europe

Calculates scenarios of future value of annuity payments (fv) with stochastic returns

Description

Calculates scenarios of future value of annuity payments (fv) with stochastic returns

Usage

maximumSpendingForMinimumRuinTimeV2(
  wealth = 14000,
  minumumRuinTime = 16,
  mu = 0.03,
  sigma = 0.08,
  nScenarios = 200,
  prob = 0.9,
  seed = NULL
)

Arguments

wealth	The wealth at retirement. Must be entered as a positive number
minumumRuinTime	Minimum time to ruin. Must be entered as a positive integer
mu	The expected interest real return per period. Default is zero. Must be entered as decimal
sigma	Volatility of expected interest real return per period. Default is zero. Must be entered as decimal
nScenarios	The total number of scenarios to be made. Default is one scenario
prob	Probability to exceed minimum time to ruin. Must be entered as decimal.
seed	Integer vector, containing the random number generator (RNG) state for random number generation in R

Examples

maximumSpendingForMinimumRuinTimeV2(wealth=14000,minumumRuinTime = 16,mu=0.03,sigma=0.08,nScenarios=200, prob = 0.9, seed =NULL)

eaoestergaard/UNPIE documentation built on Aug. 23, 2022, 2:28 a.m.