Does the 4% withdrawal rate include dividends and the average 6/7% estimated growth rate? Napkins calculations for 2m at 6% is 120k. As OP said if you don’t ha

Does the 4% withdrawal rate include dividends and the average 6/7% estimated growth rate? Napkins calculations for 2m at 6% is 120k. As OP said if you don’t have a mortgage then you’re going to have a lot more extra money than someone with an 80-120k income and a mortgage.