This was my thought as well.It stands to reason that as long as markets are up, and greater than your withdrawal rate you are going to be fine, no surprise there. Even Dave Ramsey’s 8% is probably holding up ok last 5 years.
We have been retired a little over 6 years, and mostly follow a "spend what you feel like" approach, with some unconscious guard rails.
Our portfolio is significantly larger than it was when we retired.
So, that also looks like a good plan, so far.
Things might be different when markets go the other way for an extended period of time.
Our fixed expenses are fairly small part of our budget, but we rely 100% on our portfolio for expenses.
The OP has a much more sustainable plan with 50% of their expenses covered by pensions, and low fixed expenses.
OP,
Please do update periodically. Would be interested to see you feel about this if your withdraw amount drops dramatically.
Statistics: Posted by marcopolo — Thu May 02, 2024 11:49 pm