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Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 77204  
Subject: Re: Retired and want to die broke Date: 12/7/1999 7:06 PM
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At 88 years of age with no dependents and about $650,000 in stocks and bonds, how do I determine how much capital I can draw on per year? I also have income from a Trust Fund. That and my Social Security total about $15,000 a year.

Due to a Scottish background, I have never borrowed or spent much on myself. However, should I reach 100 years,I want to be sure I don't find myself out on the street with a begging cup.


I'm less than half your age, yet oddly I worry about the same thing. (I retired 5 years ago at age 38.)

Check out the Retire Early Study on Safe Withdrawal Rates, see link:


Despite it's title, the techniques apply to retirees of any age.


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