Want To Reach FI Sooner? Join more than 18,000 others and get new tips and strategies from Can I Retire Yet? every week. Subscription is free. Unsubscribe anytime:

Addendum

The Required Retirement Savings table on page 189 in the section “How Much Do You Need?” — showing an inverse relationship between the withdrawal % and savings — has confused some readers.

The table is correct. In any row of the table, the amount being withdrawn is fixed: the variables are the savings and the withdrawal rate. And the higher your annual withdrawal rate, the less overall savings you need to support those withdrawals. But it’s riskier: there is more chance of damaging your portfolio, because you’re withdrawing from it at a higher rate. The lower withdrawal rates are safer.

So, for example, $2,000/month would be $24,000/year. Divided by 3% that makes $800,000 in savings required: So if you were only going to pull at a relatively safe 3%, then you would need a full $800,000 in savings to generate the $24,000 annually. On the other hand, $24,000 divided by 5% makes $480,000 in savings required: So if you were going to pull at a riskier 5%, then you would need only $480,000 in savings. But the chances of exhausting those assets would be higher.

Hyperlinks Referenced in Printed Version

p.28

https://www.caniretireyet.com/moving-west-part-2/

p.30

https://www.caniretireyet.com/renting-vs-buying-true-cost-home-ownership/
https://www.caniretireyet.com/how-we-sold-our-house-in-24-hours/
https://www.caniretireyet.com/ideal-retirement-location/

p.31

http://www.bls.gov/cex/

p.37

https://www.healthcare.gov/glossary/essential-health-benefits/

p.44

https://www.healthcare.gov/retirees/

p.47

https://www.libertyhealthshare.org/
http://ptmoney.com/medishare-review/
http://www.chministries.org/
http://samaritanministries.org/
http://altruahealthshare.org/

p.62

http://www.obliviousinvestor.com/

p.84

http://retirementresearcher.com/social-security-the-best-annuity-money-can-buy/

p.85

http://www.obliviousinvestor.com/social-security-for-married-people-62-or-70/
https://www.caniretireyet.com/comparing-the-2-leading-social-security-calculators/

p.95

https://www.caniretireyet.com/dividend-stock-investor/

p.99

http://www.businessinsider.com/range-of-annualized-stock-bond-returns-2014-11

p.100

https://www.kitces.com/blog/even-safety-first-retirement-income-strategies-are-probability-based-the-real-distinction-is-risk-transfer-vs-risk-retention/
http://www.advisorperspectives.com/articles/2012/08/14/how-safe-are-annuities

p.103

https://www.kitces.com/blog/even-safety-first-retirement-income-strategies-are-probability-based-the-real-distinction-is-risk-transfer-vs-risk-retention/
http://www.businessinsider.com/range-of-annualized-stock-bond-returns-2014-11

p.123

https://www.caniretireyet.com/ideal-retirement-location/

p.137

http://www.advisorperspectives.com/commentaries/20160401-resolve-asset-management-bold-confident-and-wrong-why-you-should-ignore-expert-forecasts

p.138

http://www.napfa.org/
http://www.garrettplanningnetwork.com/

p.148

https://www.caniretireyet.com/tag/retirement-calculator/
http://www.pralanaretirementcalculator.com/html/calculator_evaluations.html

p.150

https://www.caniretireyet.com/tag/retirement-calculator/

p.153

http://www.jlplanner.com/

p.154

http://www.flexibleretirementplanner.com/

p.155

https://transactions.sendowl.com/stores/12593/168238/

p.157

https://www.caniretireyet.com/tag/retirement-calculator/

p.173

http://www.bogleheads.org/wiki/Historical_and_Expected_Returns

p.200

http://www.schwab.com/public/schwab/nn/articles/Retirement-Income-Planning-Whats-Your-Risk-Capacity
http://retirementresearcher.com/greatest-hits/

p.202

http://www.rickferri.com/blog/investments/asset-allocation-basics-for-investors-part-1-of-2/

p.212

http://advisorperspectives.com/newsletters13/How_Much_Can_Clients_Spend_in_Retirement.php

p.217

https://www.caniretireyet.com/the-best-retirement-withdrawal-strategies-digging-deeper/

p.219

https://www.caniretireyet.com/

p.232

https://www.caniretireyet.com/the-ideal-retirement-location-will-we-stay-in-santa-fe/
https://www.caniretireyet.com/choosing-a-compact-rv-or-camper-for-retirement-travel/

p.233

http://assetbuilder.com/SCOTT_BURNS/IF_RETIREMENT_IS_SO_TERRIBLE_WHERE_ARE_THE_RIOTS
http://www.foxbusiness.com/personal-finance/2014/08/25/surprise-retirement-is-better-than-expected/

p.237

http://blogs.wsj.com/experts/2014/12/01/the-case-for-reverse-mortgages/

p.239

http://www.mtgprofessor.com/ext/calculators/Reverse-Mortgage-Calculator.aspx
http://www.reversemortgage.org/
http://assetbuilder.com/knowledge-center/articles/scott-burns/reverse_mortgages_at_last_a_tool_for_retirement_income_planning

p.262

http://www.amazon.com/dp/0989283003/