Classic Bogleheads. Yes, what I meant was until date of death, not until the meteor collides with the Earth in 10,000 year. But even lots of "long term money" (endowments, charitable foundations etc) use figures around 4 or 5% for what comes out of it every year and those typically last a lot longer than a retirement. Granted, many of them have additional contributions too, but the general idea holds that if you use a withdrawal rate/strategy likely to last 30 years, it'll probably last 100 without much tweaking.That is only true if you define "indefinitely" as "until date of death". If you truly mean supporting a withdrawal rate indefinitely, the probability that it eventually goes to zero is fairly high.
There is very little difference between a lump sum that will last 30 years and one that will last indefinitely.
Statistics: Posted by White Coat Investor — Sat Jan 04, 2025 4:08 pm — Replies 94 — Views 3649