No. of Recommendations: 1
>> We will draw a 3.6% annual withdrawal rate over 40 years.


We would like to leave an inheritance equal to the (real, inflation-adjusted) starting value of this portfolio.

I think either of these is easily doable as a stand-alone goal, but expecting to do both is a rather optimistic goal which I think has a strong chance of falling short. Go too conservative and you get killed by the withdrawal rate and future inflation; go too aggressive and you'd be slaughtered in another 2008-09 style meltdown.

I would encourage you to reassess these two goals and prioritize. If you are more concerned about leaving a sizable estate, could you reasonably live with a lower drawdown rate -- (say) 2.5% to 3% instead of 3.6%? If you need the entire 3.6% to attain an acceptable lifestyle, are you willing to leave a lesser estate? If neither are negotiable, how willing are you to supplement your income with part time work or some other way to make a few extra bucks?

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