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A comment on Ravens OL John Urschel, 26, retires abruptly, two days after CTE study. Parent comment

Re:Ravens OL John Urschel, 26, retires abruptly, two days af... by sokoloff on Thursday July 27, 2017 @03:21PM (#14868501)
"Safe withdrawal rate" is usually pegged at 3.5% to 4%. On an initial lump sum of $1MM, that's $35K-40K/yr, not $12K per year. (I'm not sure where the 7% came from in your post.)

Good scenario modeling tool: cFIREsim: http://www.cfiresim.com/#

You can login as HNHN : HNHNHN and look at the scenario I modeled using the information in this thread. That has a 100% success rate from now until 2080, assuming a 3.5% annual spend ($35K to start) AND ignoring any new money being added (from his mathematics or other work).

It's not Maserati money perhaps, but it's absolutely a secure retirement for someone currently living on $25K/yr.

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Re:Ravens OL John Urschel, 26, retires abruptly, two days af... by vonmoltke on Thursday July 27, 2017 @04:06PM (#14868945)
> On an initial lump sum of $1MM, hat's $35K-40K/yr, not $12K per year. (I'm not sure where the 7% came from in your post.)

The original poster calculated the value off the $1.8MM (not the tax-deductible number), and simultaneously made a place value error ($12k/year is 0.7%, not 7%, of $1.8MM).

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