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Reply to "Retirement Saving Benchmarks"
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[quote=Anonymous][quote=Anonymous]The best rule is a 4% annual draw. This is based on actual research. Essentially, tally up you spending requirements. Let’s say it’s $100k. The savings you’ll need to sustain that inflation-adjusted $100k is $2.5 million (100k/.04). Don’t forget that SS and other pensions reduce the amount you need and they typically have a COLA. As for the 4% rule, it assumes a 60/40 stock /bond split, a 30-year retirement, and an annual adjustment for inflation (if you take 100k in year one and inflation is 2.5% that year, you’ll take $102.5k next year). [/quote] This is the best and most complete answer. OP, if you can’t figure it out from this, see a financial advisor. [/quote]
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