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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There are lots of ways to tap 401ks and IRAs early without penalty.

In any event, $4 million in investments at 48 is fantastic. You don't need to invest anymore. At 58, you'll conservatively be able to draw over 300k a year without touching the principal. Even now, you could draw 160k a year without touching principal. [/quote]

That's assuming we don't have a pull back, which will happen at some point. [/quote]

You mean a down market? No, this assumes down markets. The 4% rule was derived from nearly 100 years of data, which includes lots of down markets. And I project a 7% annual return over the next decades, which is conservative and draws from nearly 100 years of data.

My estimates are conservative and account for downturns. [/quote]

I understand that. But we could have a downturn soon. And that could leave OP open to greater sequence of return risks. We are staying the course right now to secure a big enough portfolio that can withstand a significant correction and still be able to pay the % we need to live a good life in retirement. [/quote]

Do whatever you want, but the data support that OP can withstand a significant correction and still retire comfortably at this age. [/quote]

You are making assumptions on OP's behalf. DW's income could probably cover their basic expenses. Their 529s could probably cover their kids' in-state tuition. I think it's irresponsible to blanket statement say he can afford it without knowing all his specific details.

Bengen's and the Trinity study's 4% rule was born out of research covering 30 years, not 40-45 years. OP should really go to a place like Bogleheads.org and present his expenses, portfolio and get a review. Also use some modeling calculators. Then decide if he is comfortable with the information that he receives on a deeper level.[/quote]

I'm a Boglehead. The 4% rule has been replicated many times and tested in different scenarios. The failure rate increases only very slightly for longer retirements. OP could draw 3.5%, have close to a zero percent failure rate, and still be fine. [/quote]

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