Can I retire yet? Try this online calculator
About this calculator
There was a study from Trinity university where they basically simulated investing a chunk of money in different years in the stock market and just took out different percentages of that portfolio. The 100% success rate of not depleting the portfolio in 30 years was a yearly withdrawal rate of 4%. A more conservative withdrawal rate is 3%; for example, if you need $27,000 per year to live you need to have saved $900,000 at 3% withdrawal rate meaning you can get out $27,000 per year and you wont run out of money (considering previous stock market performance). I will talk extensively about this study in future posts so stay tuned!
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