I have a friend who is a wealth manager and she set me up on a platform called IncomeLab. Not sure if anyone can create an account or if you need an invite. But it’s been fun to play with and run various simulations.
Although the message is great I believe you have to still balance saving/investing and spending money on things you enjoy. I have increased the amount of time I take off work and how much I spend on travel, but still meet my saving goals
When I do this calculation for clients I effectively inverse any Monte Carlo projections (99% success means 99% failure).
To really die with zero is hard. The closest you can get (without running out) is to 1. Have a plan for long term care, 2. Put off social security to 70, 3. Keep out a small cash cushion. 4. Spend the rest. The key is to bend the curve but have a safe landing.