How to get rich without getting lucky

Re:How to get rich without getting lucky by falcolas on Friday June 01, 2018 @10:50AM (#17205768)

Don't forget to include the percentage required to offset inflation.

EDIT: Missed that this was for a fixed period of time - 30 years.

But... what happens if you live more than 30 years past your retirement? It would really suck to retire on $750,000 (or $1M) savings at 45, and live to be 100.

[ Parent | on HN ]

Re:How to get rich without getting lucky by toomuchtodo on Friday June 01, 2018 @10:50AM (#17205769)

Included in the rate I quoted, per the trinity study, although you might need to reduce your withdrawal rate below that some years depending on your asset holdings (see below for detailed info).

EDIT: Again, the rate quoted is for withdrawals in perpetuity. It doesn't guarantee your savings will outlive you, but it's highly confident it will.

https://www.bogleheads.org/wiki/Trinity_study_update

[ Parent | on HN ]

Re:How to get rich without getting lucky by monktastic1 on Friday June 01, 2018 @05:36PM (#17210615)

Some research suggests that a 3.5% withdrawal rate will last basically forever.

See, e.g. https://www.kitces.com/blog/adjusting-safe-withdrawal-rates-...

[ Parent | on HN ]

Re:How to get rich without getting lucky by yeahsure on Friday June 01, 2018 @10:51PM (#17212364)

I know it's not what most people want, but if you retired to a country with a low cost of living that $1M would be more than enough to live really comfortable till you die.

[ Parent | on HN ]