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Agree with your general point, though note a 5% withdrawal rate is likely not safe for very long term (especially if this hypothetical millionaire is not yet at
by dmoy 9y ago
Agree with your general point, though note a 5% withdrawal rate is likely not safe for very long term (especially if this hypothetical millionaire is not yet at normal retirement age).
- Retric 9y agoIf your aim is literally exactly 250k under all situations then it might be a very minor risk. However, you don't need to pull 250k before taxes to match the equivalent of what a 250k salary provides after taxes due to preferential treatment of investments. And even less to cover what a 250k salary after covering retirement investments.