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For example, if you want to withdraw $50,000 your first year of retirement, you’d need to save $1.25 million ($50,000 x 25) to follow the 4% rule. Why is the 4% rule outdated?
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.
Created in 1994 by a financial planner named William Bengen, the 4% rule posits that retirees can make a well-structured retirement fund last 30 years by withdrawing no more than 4% of the balance ...
For example, if you want to withdraw $50,000 your first year of retirement, you’d need to save $1.25 million ($50,000 x 25) to follow the 4% rule. How long will $1 million last in retirement?
The post How Long Your Money Could Last Using the 4% Rule appeared first on SmartReads by SmartAsset. The 4% rule is a widely known guideline for retirement spending that says you can safely ...
Within the vast topic of retirement, the concept of “the 4% rule” hits right at the core ... History of the 4% rule. In 1994, using historical data on stock and bond returns over a 50-year ...
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