I have $300K which I am willing to draw down to zero over a period of 10 years with a starting withdrawal amount of $30K to be increased by 3% per year. I have estimated that I will need a 5% per year return on the principle for the funds to last 10 years. I am looking for recommendations on where to park the $300K where I can maintain a 5% return over a 10 year period with liquidity. A guaranteed return would be nice, but I expect I will need to assume some minimal risk/volatility to achieve the return necessary for the funds to last 10 years at my planned withdrawal rate. Just running some scenarios right now and I will appreciate any input the members of the forum may be able to provide.
Thanks.
Thanks.