Let's say I actually am able to save up enough for retirement (that's a story for another day), and I can get to the point where I am comfortable with a 4% drawdown...
...how does that work?
For ease of numbers, say I have an even $1,000,000 in my retirement portfolio on the day of my retirement. Does this mean that I sell $40,000 per year of my holdings, and, if everything runs according to plan, the assets would replenish themselves through normal growth?
Do you withdraw it all at once, or do you treat it like a paycheck and draw down a portion of it each month?
I'm so confused about the process that I don't even know how to ask the question. Good thing I have at least 25 years to figure it out.
...how does that work?
For ease of numbers, say I have an even $1,000,000 in my retirement portfolio on the day of my retirement. Does this mean that I sell $40,000 per year of my holdings, and, if everything runs according to plan, the assets would replenish themselves through normal growth?
Do you withdraw it all at once, or do you treat it like a paycheck and draw down a portion of it each month?
I'm so confused about the process that I don't even know how to ask the question. Good thing I have at least 25 years to figure it out.
Statistics: Posted by jabooty — Sun Jun 02, 2024 2:50 pm — Replies 11 — Views 742