re: Discussion about retirement spending and how much you should save...

I've done an absurd amount of research on this topic for my own situation. It's quite interesting.

The 4% rule is often misunderstood. It isn't 4% of the nest egg each year. It is 4% of the amount of your nest egg in the first year, which is then adjusted every year thereafter for inflation over a 30 year period. If done correctly, you stand a 98-100% chance of having some money left over after 30 years. Asset allocation does make a difference (i.e. 98-100% is lowered if you have little/no exposure to equities)

See these for more info LINK and LINK and LINK

the 4% rule doesn't account for Social Security payments, nor does it assume you might cut back your spending in a recession - both of which would help keep a nice cushion that much more

FWIW, I plan to go with ~3.25% just to be totally safe