So I retired at 60 a few (well a bit more than few
) years ago and set a WR of 3.75%. Since then, my assets have almost doubled (with the help of a nice inheritance) but I'm still taking the same static amount that the original 3.75% was. Guess I was too lazy too calculate inflation. My WR is now only 2.59%.
Anyway, we are now mortgage and car debt free and are taking SS (I have taken restricted spousal). With my military pension and SS (once I take my own SS) we will be bringing in almost $84K yearly.
I should be able to reset my WR to 4% on my assets and not be too concerned with outliving my $$ correct? At my age (68) that rate is pretty safe plus I have the other $$ to fall back on.
I'm thinking I could give any excess to my kids or to charity.