Kieth, I used the SP500 for all of my careful calculations.
I knew you would enter the thread and act as normal.
1mil used to be an attainable, tidy retirement account balance. A measure of hard work, good fortune, diligence, dedication, and stewardship.
It's a number that used to represent a positive thing to people.
Most folks that got there through hard work have diversified portfolio's professionally managed for the most part, so that they can withdraw 4% annually.
4% being a figure that is generally accepted as a sustainable withdrawal rate. (Bengen, et al)
I even gave the benefit of good timing to the Imaginary retiree. Starting the calculations on the 1 st of the month (maximizing SP500 value for the retiree) and letting them take their REQUIRED monthly distribution at whatever date within the month they chose.
You see, most retirees cannot just decide to cut their monthly expenses because somebody decided to start a pyrrhic trade war out of the blue.
They need their draw. None of their bills go down just because their retirement account did.
As far as the Audi, my wife liked the detents on the drivers door.
