Cut-Throat
Thinks s/he gets paid by the post
Here is a calculator developed by a Bogelhead member this past summer. It is a Calculator called VPW (variable Percentage Withdrawal). It cannot fail like a fixed SWR. It Will deplete your portfolio much better than a fixed SWR and hence lets you spend more money.
Instead of operating like a 3 or 4% inflation adjusted withdrawal, it performs more like we actually take our money from our portfolio. Taking more money in down market years and less in up market years. It also takes into account your mortality and therefore has a rising percentage as you age. There is a Free VPW calculator that you can download here.
https://www.dropbox.com/s/dcfoq1b39jybcdd/VariablePercentageWithdrawal.xls
It will allow you to input all your info and backtest it against Market history (Like Firecalc). For a lot of discussion on this tool, visit Bogelheads and Search for VPW. You'll find any questions you have will have already been answered there.
Instead of operating like a 3 or 4% inflation adjusted withdrawal, it performs more like we actually take our money from our portfolio. Taking more money in down market years and less in up market years. It also takes into account your mortality and therefore has a rising percentage as you age. There is a Free VPW calculator that you can download here.
https://www.dropbox.com/s/dcfoq1b39jybcdd/VariablePercentageWithdrawal.xls
It will allow you to input all your info and backtest it against Market history (Like Firecalc). For a lot of discussion on this tool, visit Bogelheads and Search for VPW. You'll find any questions you have will have already been answered there.