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this post was submitted on 19 May 2024
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There was some back testing around the 4% rule, and for a normal retirement 4% was okay and historically only failed a couple times if you started in a specific month of a specific year and changed nothing as things turned bad.
For a longer term early retirement, 3.5% never failed.
Obviously, past performance cannot guarantee future performance, but $35,000 a year would probably be fine from that mil.
And this is assuming a properly diversified portfolio