No. of Recommendations: 1
Your number seems to be assuming 100% in equities. As was stated earlier, the recommendation is for portfolios with 50% to 75% in stocks and the rest in some kind of bonds. It'd be pretty extreme to have all your retirement money in the market.


Also, no, as far as I understand it you can't up your withdrawl later on, at least, that's not how the scenarios work. You could say that, if you were retiring now, I could take this much out at my new 4% and then I should be okay from then on too, and yes, that's true, so you could probably get away with it. But why up it unless you have a darn good reason? And that's not how the numbers are usually run.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.