The ATLAS physics program relies on very large samples of \textsc{Geant4} simulated events, which provide a highly detailed and accurate simulation of the ATLAS detector. However, this accuracy comes with a high price in CPU, and the sensitivity of many physics analyses is already limited by the available Monte Carlo statistics and will be even more so in the future. Therefore, sophisticated fast simulation tools are developed. In Run-3 we aim to replace the calorimeter shower simulation for most samples with a new parametrized description of longitudinal and lateral energy deposits, including machine learning approaches, to achieve a fast and accurate description. Looking further ahead, prototypes are being developed using cutting edge mac...