How to Calculate Your Retirement Income

Doc G.: It's one thing to calculate the numbers, but it's another to then have much less income and believe that the calculations are right. We looked at all of our living expenses,. We tracked our actual expenses, which we hadn't historically done. And even then with the conservative assumptions, we assumed a 3.25% safe withdrawal rate. Doc G: Because of those, we've been surprisingly relaxed through the bear market in 2022.