In this podcast episode Jason answers a listener question about making adjustments to the 4% withdrawal rule based on your age. When is the 4% withdrawal rule applied? Should you make an adjustment to the 4% withdrawal rule based on your age at retirement?
Below are the articles and resources mentioned in this episode:
Retirement Budget Calculator and the new Snapshot report for tracking your net worth.
Articles mentioned in this episode:
The growth of the U.S. population age 65 and older exceeds that of the total population and the population under age 65.
Fastest growing segment of the population
NPR Age 80+ is the fastest growing age group.
MarketWatch: Probability of living to age 100
What Returns Are The Safe Withdrawal Rates REALLY based upon?
What Happens If You Outlive Your Safe Withdrawal Rate Time Horizon:
“Specifically, Bengen mentioned that even if someone starts at a 4.5% withdrawal rate and goes for 30 years, there is still a 96% chance (based on historical analysis) that the client will still have 100% of his/her original principal remaining to fund the extra years.”
Charles Schwab: Rob Williams & Chris Kawashima
Beyond the 4% rule: How Much Can You Spend In Retirement?https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirement