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A comment on Money Out of Nowhere: How Internet Marketplaces Unlock Economic Wealth. Parent comment
You want 25x (1/4%) to 30x (1/3.3%) for a long-term endowment.
A 10% withdrawal rate has a ~79% chance of failing (running entirely out of money) inside of 20 years.
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You want 25x (1/4%) to 30x (1/3.3%) for a long-term endowment.
A 10% withdrawal rate has a ~79% chance of failing (running entirely out of money) inside of 20 years.