this post was submitted on 01 Oct 2023
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Living to 120 is becoming an imaginable prospect::undefined

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[โ€“] [email protected] 2 points 1 year ago (1 children)

You might want to look at the Trinity Study of retirement portfolios. The general rate of withdrawal is lower than what you're quoting here. Closer to 4% or lower. Though this is giving way in some quarters to a sliding system, where you live it large in good return years, and frugaly in bad years.

But again, this all overlooks how that depends on a proportion of working people feeding stock market returns.

[โ€“] [email protected] 1 points 1 year ago

The general rate of withdrawal need to be lower if you have a portfolio that is very conservative. That may make sense when you're saving for you yourself and have a low risk tolerance, but it's not needed. That people feel worried enough to do that, though, is a good argument for insurance/state run pension schemes, because they an inherently pay out more since they can smooth out the risks and pay toward the maximum averaged returns.