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DANG IT! I posted that BEFORE I added some commentary! GEEEEEZ!

Nick,

You are right. I set up a spreadsheet with the following assumptions:

$2,500,000 Beginning Amount
$309,090 withdrawn and set aside in a cash account for 3 years of income needs. Then the amount withdrawn from the investment account each year is the income need plus inflation.
I assumed a 10% ROR on the equities portion and a 3% return on the fixed income portion for a total portfolio return of 7.55%. I also assumed a 3% return on the cash account.

Interesting stuff.

JLP

http://AllThingsFinancial.blogspot.com
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