Daraei, Diba; Sendova, Kristina - In: Risks : open access journal 12 (2024) 4, pp. 1-21
individuals to have a clear understanding of how long their pre-retirement savings will last. In this research, we employ a ruin … utilizing an advanced ruin model, we calculate the mean and the median time it takes for savings to be exhausted, the … rates, and the deficit at ruin if a retiree has used up all of their savings. We also account for gender as well as for the …