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thegreatdane wrote,

Actually, I was thinking of spending all the principal down by the time I'm old and dieing, with my one remaining investment dollar clenched in my fist. That day may come sooner than I think!


Those of us whose estate plan is to "spend it while we're alive" would all like to be so efficient that "by the time I'm old and dieing, my one remaining investment dollar [will be] clenched in my fist."

Unfortunately, unless you have a smoking pistol in the other hand, it's unlikely to happen. That's why low, "safe" withdrawal rates give you such a high probability of dying with a large net worth.

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