I think your questions about those who are cocky enough about their 'systems' to take out 10% or more from their stockpile (or whatever the better term is) is more of a personal question about personal confidence and risk aversion than formulas.I wasn't really thinking about it in those terms. The way I see it, no amount of personal confidence is going to help you if you overdraw your retirement account. The danger in simplistic models of retirement spending is that they can lead to withdrawing more than is actually safe, however confident or risk tolerant you may be.I am frugal because I want to be able to do what I like without regard to money, so that I can continue to work by choice rather than necessity.That's more or less how I thought a few years ago. Yet I found that when I was actually financially independent, I didn't really want to work after all. - Gus
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