Quote:
Originally Posted by zakthor
The problem is you cant foresee the growth youll actually get, nor can you forsee how long youll live.
Heres 7% withdrawl rate:
Rich, broke or dead says 19% chance youll die with money left. |
You’re no fun!
I played around with that site and it’s interesting. My plan is still to spend more than 4%, probably less than 7% since that would be quite a bit more than I spend now. Whatever I decide to spend, I’ll adjust as time goes on and I see how my finances are doing but I certainly don’t want to be sitting around at 80 wishing I’d done something earlier while my body and brain were still functioning pretty good.