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The prevailing advice for a long time was 4%, but bond yields have been so low for so long, that people have been questioning whether 4% is truly safe any more.
by logfromblammo 9y ago
The prevailing advice for a long time was 4%, but bond yields have been so low for so long, that people have been questioning whether 4% is truly safe any more.
If you're retiring at 67, 4% is probably safe. $1.5M would be an acceptable target for you at that age.
- criddell 9y agoThanks for taking the time to write all this. I'm going to dig into this some more (I really dread it) but I'm guessing I need to save another $500k or so over the next twenty years. Not impossible but not painless either. I'm glad I started college savings accounts for my kids when they were born. They should each have $75-100k in them by the time they need it. Not enough, but it's a start.