The number one concern clients tell me is “I don’t want to run out of money”. That’s a valid concern. Have you taken a few minutes to make a simple calculation on how long your money can last as you withdrawal funds? Have you considered how inflation or your marginal income taxes can erode your income? What if you don’t achieve the return you were hoping for?
This calculator may help you estimate how long funds may last given regular withdrawals.
Keep in mind, this is a simplified calculator. To really dive into how withdrawals over time will affect you personally, a financial plan should developed.
Have questions about this topic?