I am approaching retirement. I understand the reasoning behind the withdrawal 4% pa rule which essentially leaves the capital intact.
BUT I want to consider a higher rate which would consume my capital.
What is the point in leaving anything out there when I might prefer to be selfish and get the benefit myself.
Is there a standard formula which would allow me to calculate the rate to consume capital $A in B years by withdrawing at a rate of C% assuming a growth rate of X% ?
Obviously the inflation and growth percentages have to be estimates / guesses.
I understand there may be pros and cons to this idea but I just want to evaluate the options.
Submitted November 22, 2020 at 06:09PM by Mycroft_sr https://ift.tt/3kWvsMY
