No. of Recommendations: 15
You don't restrict yourself to a 4% SWR because your are trying to bounce your last check by spending every last dollar you have by the day you die.
The SWR is to ensure that you have a high probability of not outliving your money.

This is going to be a little weird, but here goes. My father entered a perfectly lovely retirement community with about $2m in the market and never looked back. He "graduated" to assisted living, and ended up with "nursing care"*. When he signed in they said "if you outlive your money, you can stay here until you die. We will continue to collect your social security, and perhaps if you have a pension, but that will be enough. The monthly fees were around $5,000 (which went to $13,000 once we added full time companions from 7am-10pm.)

My father-in-law entered a perfectly love retirement community with about $300,000 in the bank. He "graduated" from assisted living to "nursing care", and they gave him the same rap. He is now nearly broke, but doesn't know it (the daughters take care of the finances; he would be aghast if he knew.) He will live there until he dies, and it is a *gorgeous* facility, with decent food and daily entertainments, attentive uh attendants who bathe and deal with him, and who genuinely seem to care.

My point is that it's possible to live quite well, even with no money. You just need to make the right choices later - as well as earlier - and get yourself in a place of security at the appropriate time.

Use the 4% to get you *near the goal line*. Then do something smart and cross the line and you'll be fine.
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