Planning to Retire Soon? Flexibility and Spending Count
Investing Insights
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How to Set a Safe Starting Withdrawal Rate for Your Retirement
Age plays a role in what a reasonable starting withdrawal rate might be for you. If you're willing to take less in a bad year like 2022, it might mean that you can take more over the course of your retirement time horizon. And finally, just if you are willing to settle for a lower probability of success than that 90% that's kind of our base case, you can probably get away with an even higher start safe withdrawal amount.
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