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Originally Posted by Oling_Roachinen
Following this logic, and correct me if I'm wrong GGG, this will result in no impact on the initial 1 million as well. Just working off the 40,000 passive income and 24,000 subsidies minus taxes.
Increase your spending by another 20k annually, and your nest egg will start dropping but it's going to last you another 28 years before it's gone.
EDIT: Oh, 0.04 is your SWR, gotcha. Will depend on circumstances when you retire but really 0.04 is an extremely safe number for typical retirees (read: old folks) and likely results in a higher principal. Of course some emergency spending or poor investments and the numbers change quickly but I'm not sold you need more than 1,000,000 to retire like nik- suggests, at least if you plan on retiring 'soon'.
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Yes I was using no loss of Capital for retirement which I agree is overly conservative if you are retiring at 65 and own your own home as a buffer.
The general idea was that you can have a reasonable retirement with around 1 million of today’s dollars but I think as others have said it really defines how you define reasonable.