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fleg9bo posted;

"When I first discoverd the Fool about 2 years ago the prevailing opinion, if I remember correctly, was that you need 20X annual living expenses invested Foolishly in order to retire. That's a 5% withdrawl rate. In the few weeks I've looked at this board, the number seems to be 4%. Has something changed?"

Not at all. The 4 or 5% is just a guideline - a rule of thumb. A lot depends on whether inflation rates on withdrawal is considered and how long one expects to live in retirement.

4% is a very conservative level and should provide inflation adjusted income for a very, very long time.
5% is a bit more risky but is a safe level for providing inflation adjusted income. Above 5% is much more risky and may not always be able to provide inflation adjustment to income and may cause some use of the principle.

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