The Monte Carlo simulation randomizes returns 1000 times per year, through the life of the plan. At the end of the plan, we find the values that are the 10th, 50th, and 90th percentile. In other words, if all 1000 portfolio values were placed into ranked order, with #1 being the least value and #1000 being the highest value, then the 10th percentile would be the #100 portfolio, while the 50th percentile would be the 500th portfolio, and the 90th percentile would be the 900th portfolio.
What does each column of this report mean?
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Year - Every year of the plan from today to end of the plan
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10th Percentile - The portfolio value in a given year that results in the 10th percentile Ending Portfolio Value in the final year of the plan
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50th Percentile - The portfolio value in a given year that results in the 50th percentile Ending Portfolio Value in the final year of the plan
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90th Percentile - The portfolio value in a given year that results in the 90th percentile Ending Portfolio Value in the final year of the plan