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Investing/Strategies / Retirement Investing
|Subject: Re: *Retirement Amt. Needed*||Date: 1/5/2000 10:07 PM|
|Author: messerb||Number: 17409 of 77204|
thegreatdane said:Isn't 20x annual expenses a quick and rough estimate of what one will need in retirement?
Many of those who have booted working life early and are living in retirement now would say that 5% withdrawl (Nest Egg = 20x Expenses) is high. Many would recommend having a 4% withdrawl rate (NestEgg = 25x annual expenses) to ensure that you don't outlive your money.
Check out the Retire Early Home Page for more detail on safe withdrawl rates:
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