Any study on impact of yields on SWR?

[walkinwood]

I have seen a number of papers on the impact of equity valuations (PE10) at retirement on SWR.

Are there any papers/studies on the impact of bond valuations (yield) at retirement on SWR?

Edit: I did see this thread on bogleheads. It is a discussion, but no pointers to studies.
http://www.bogleheads.org/forum/viewtopic.php?t=58453&mrr=1280850000

 

[clifp]

I have seen a number of papers on the impact of equity valuations (PE10) at retirement on SWR.

Are there any papers/studies on the impact of bond valuations (yield) at retirement on SWR?

Edit: I did see this thread on bogleheads. It is a discussion, but no pointers to studies.
Bogleheads • View topic - SWR and current bond yields

I'd love to see these studies also. I suspect that they may not exist.

 

[Midpack]

Here's a good article considering dividend yield and treasury bond yield along with PE10 for determining SWR Can We Predict the Sustainable Withdrawal Rate for New Retirees?. I consider Wade Pfau a good resource, his name has popped up a lot lately for me at least

I would think it would be more valuable to consider all three vs looking at bond yields independently anyway.

 

[walkinwood]

Thanks Midpack. I agree, that it makes more sense to include all 3 elements.

I did not understand all the statistical talk, but it was a useful paper to read. It is not very encouraging, but I take solace from the fact that the fit is at most 75% over the historical data, and two of the 3 parameters are out of bounds from historical values.

Flexibility is the key, I guess, but you can be late to that game too!