Hi everyone,
Question, that might sound stupid but need to ask:
Lets say you have $1,000,000 in retirement accounts. The safe withdrawal rate in retirement is 4% a year (40,000). On average your retirement accounts grow conservatively 4% a year. Its pretty much a wash from what you withdraw a year and earn. How would you ever run out of money?
Question, that might sound stupid but need to ask:
Lets say you have $1,000,000 in retirement accounts. The safe withdrawal rate in retirement is 4% a year (40,000). On average your retirement accounts grow conservatively 4% a year. Its pretty much a wash from what you withdraw a year and earn. How would you ever run out of money?