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I guess I don't understand your math. It seems like with a 10% return minus 5% draw minus 3% inflation yields a net increase of abour 2% so the money would last forever, wouldn't it?

This brings me to a point I didn't make before: I don't care to guess how long I will live or how long the money will last. My approach assumes the money will continue forever.

One of the problems I haven't worked out is that retirement is "front end loaded". By that I mean that when you start out you want to travel and do other things that cost money. Later on you slow down and probably don't need as much money. So if I exceed my 5% draw in the early years that's probbabvly OK up to a point. But how much dare I risk, is the perennial question.

Joe Varga

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