Great article, I especially liked the last paragraph:Indeed, if you're withdrawing 4% for your living expenses and letting your mutual fund manager and investment advisor take another 3% for a total of 7% of assets annually, historically there is less than a 50/50 chance your money will last 30 years. Limiting the investment costs to 0.25% of assets or less allowed a 4% retirement withdrawal to survive for 30 years in every payout period examined from 1871 to 2006. As Warren Buffett once observed, "The average investment manager adds nothing," Buffett said. "He subtracts something from your investment performance. It's almost unique among professions that I can think of."PS: Besides Ravyt's article you need to remember that 99% of the time you do have money left at the end of 30 years. It's also OK to recalculate periodically if you do "beat" the market (Intercst shows you some examples on his website as well). Do be safe, but don't get discouraged. These are VERY reliable numbers.Hockeypop
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