The following three sentences represent the entire universe of probability for you:
If you retire with $800,000 in investments, you will probably make it through your whole life without running out of money (a 5% withdrawal rate)
If you start with a $1 million nest egg (a 4% withdrawal rate), you will very likely never run out of money
If you start with a $1.33 million chunk (a 3% withdrawal rate), it is overwhelmingly certain that you’ll have a growing surplus for life.
Interested? Definitely read the rest:
https://www.mrmoneymustache.com/2018/11/29/how-to-retire-forever-on-a-fixed-chunk-of-money/
No comments:
Post a Comment