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The popular 4% rule says you can spend 4% of your retirement savings in the first year of retirement. You then adjust this amount annually for inflation to calculate future withdrawals.
Naegele's rule is a standard way of calculating the due date for a pregnancy when assuming a gestational age of 280 days at childbirth. The rule estimates the expected date of delivery (EDD) by adding a year, subtracting three months, and adding seven days to the origin of gestational age.
Saving for retirement is easy to preach but not always simple enough to practice. ... If you use the 4% rule for retirement, you might be able to stretch $500,000 for your entire retirement.
The 4% rule is based on a 90% probability that your money will be enough for your whole retirement. But if you're OK with more uncertainty, you might be able to withdraw 5% or 6% a year.
Use of a pregnancy wheel overcomes the monthly variation of Naegels's rule, but one must still manually adjust for leap years. Both the rule and pregnancy wheels (or computer programs to calculate) must also be manually corrected for regular menstrual cycles that are not the average assumed default of 28 days.
While the 4% rule is more of a guideline and less of a stringent rule, it’s a good idea to use this as a way to measure how to make responsible withdrawals in retirement.