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A new report from Morningstar recommends the safe withdrawal rate for retirees in 2025 is a mere 3.7% — a significant adjustment from the decades-old 4% rule that had dominated retirement planning.
One of the most important decisions in retirement is choosing how much to withdraw from your savings. You need to take out enough to meet your spending needs, but not so much that you end up ...
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The 4 percent rule was popularized in a landmark 1998 research report known as the “Trinity study,” which analyzed past market performance to determine a safe withdrawal rate in retirement.
Key Points. Although 60 isn’t such a young retirement age, your savings may need to last a bit longer. The 4% rule may be a bit too aggressive if you start tapping your nest egg at 60.
In fact, if you decide that a 3% withdrawal rate is best for you, with $1 million, you're looking at $30,000 a year in retirement income. That could make a big difference in your lifestyle ...
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You can calculate your withdrawal amount based on the average expenses of other retirees, the 80% rule, the 4% retirement rule or with help from a financial advisor.