The Monte Carlo analysis creates a range of possible outcomes, along with a corresponding probability, and displays the results as a histogram. The tabular results can be exported to Excel for ...

Nont Dhiensiri, Nauzer Balsara, An Introductory Application of Monte Carlo Simulatoin in Capital Budgeting Analysis, Journal of Financial Education, Vol. 40, No. 1/2 (SPRING/SUMMER 2014), pp. 94-114 ...

Running a Monte Carlo Analysis tells us he has a 67% chance to fulfill his main goal, which is making it to 91 without running out of money.