Hi gang,
My wife and I are both in our early 50's and semi-retired (we both work about 20 hours per week).
As we start to think about eventually leaving the workforce entirely, I was explaining to my wife about the 4% withdrawl methodology and FireCalc.
And while I understand the thinking behind FireCalc, it seems well....rather meager. For example, $1,000,000 nest egg generating just $40,000 per year to live on. (Didn't say it was wrong....just kind of meager in my mind.)
So here is my question --
Is anyone withdrawing MORE than 4% (perhaps along the lines of Guyton and others who go out to 5-6%, using specific drawdown rules)?
How has it been doing for you? Any advice you can pass along?
Thanks in advance for any help you can provide!
My wife and I are both in our early 50's and semi-retired (we both work about 20 hours per week).
As we start to think about eventually leaving the workforce entirely, I was explaining to my wife about the 4% withdrawl methodology and FireCalc.
And while I understand the thinking behind FireCalc, it seems well....rather meager. For example, $1,000,000 nest egg generating just $40,000 per year to live on. (Didn't say it was wrong....just kind of meager in my mind.)
So here is my question --
Is anyone withdrawing MORE than 4% (perhaps along the lines of Guyton and others who go out to 5-6%, using specific drawdown rules)?
How has it been doing for you? Any advice you can pass along?
Thanks in advance for any help you can provide!