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If you've saved $4 million for retirement, you've got a great foundation. Using the 4% rule, you could withdraw $160,000 per year -- but keep in mind that a more conservative 3.5% rule might be a ...
If you’re going to follow the 4% rule, Sprung suggests making adjustments over time based on your retirement goals. “The 4% rule, like any rule, should be used only as a guideline,” says Sprung.
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 ...
What the 4% rule entails. The 4% rule tells you to remove 4% of your retirement plan balance your first year of retirement, and then adjust future withdrawals based on inflation. So with a $1 ...
The rule was later further popularized by the Trinity study (1998), based on the same data and similar analysis. Bengen later called this rate the SAFEMAX rate, for "the maximum 'safe' historical withdrawal rate", [3] and later revised it to 4.5% if tax-free and 4.1% for taxable. [4] In low-inflation economic environments the rate may even be ...
Against that backdrop, Kates recommended another way to calculate your number: Multiply non-health insurance expenses by 28 — roughly equal to a 3.5% withdrawal rate — multiply expected health ...