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re: Goal for retirement savings as a ratio of salary
Posted on 4/1/24 at 2:55 pm to Ramblin Wreck
Posted on 4/1/24 at 2:55 pm to Ramblin Wreck
quote:
5% rate of return-on-investment on your $3M would equal $150K
You're not accounting for sequence of returns risk. If market drops first few years of retirement and you draw 5% annually it will rapidly deplete your nest egg.
1
Posted on 4/1/24 at 3:06 pm to TorchtheFlyingTiger
quote:
You're not accounting for sequence of returns risk. If market drops first few years of retirement and you draw 5% annually it will rapidly deplete your nest egg.
If you are being risky, sure. Right now with bonds and CD's like they are if you are having a major market issue affect your retirement you are being incredibly risky. You could be 100% bonds or CDs and be getting basically that 5%.
But I always say, why would you not have at least 15 months in a CD, money market, etc for your future spending? That way your next 12-15 months has 0% risk? Your risk in the market is 15+ months away and a lot can happen in that time period.
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