looking for your inputs about safe withdrawal rate
Lets put my situation in perspective:
Married, 57 and 55 years, aiming to retire in one or two years
We will have three streams of income:
1-canada pension/employment pension (around 45k combined after tax)
2-Rental income (expected 45k after tax)
3-Investment, 90% nasdaq etf, rest in tesla/apple (around 1.5M combined in Tax free/RRSP/non registered)
The idea is to have no liabilities when we retire. Also, we would like to inherit to our three kinds the $3M combined between rental and investment -not taking in account any inflation,
I know last decade investments were booming. ( i do not expect to have returns of over 25% as i had last three years)
But everyone is expecting to have an average return of 8% (just to have a number)
Is the 4% safe withdrawal rate a real number?
I was reading that now most advisors lower that rate to 3.2%
I think that i could "dream" in my situation to have a safe withdrawal rate of 6%
My risk tolerance is kind of higher
BTW, we are frugal, i like to spend when i can, and we know that we can not spend when is not the proper time to do it (we can live well with pension/rental without touching any investment)
Lets put my situation in perspective:
Married, 57 and 55 years, aiming to retire in one or two years
We will have three streams of income:
1-canada pension/employment pension (around 45k combined after tax)
2-Rental income (expected 45k after tax)
3-Investment, 90% nasdaq etf, rest in tesla/apple (around 1.5M combined in Tax free/RRSP/non registered)
The idea is to have no liabilities when we retire. Also, we would like to inherit to our three kinds the $3M combined between rental and investment -not taking in account any inflation,
I know last decade investments were booming. ( i do not expect to have returns of over 25% as i had last three years)
But everyone is expecting to have an average return of 8% (just to have a number)
Is the 4% safe withdrawal rate a real number?
I was reading that now most advisors lower that rate to 3.2%
I think that i could "dream" in my situation to have a safe withdrawal rate of 6%
My risk tolerance is kind of higher
BTW, we are frugal, i like to spend when i can, and we know that we can not spend when is not the proper time to do it (we can live well with pension/rental without touching any investment)