Safe Withdrawal Rate: How long will your money last in retirement?
Updated : April 04, 2019 09:33 PM IST
Any retirement planning whether early or traditional has two phases: (1) asset accumulation phase followed by (2) post-retirement spending phase.
It is a complex exercise to plan for post-retirement spending because of reasons such as inflation, one’s life span, market volatility, unforeseen expenditures.
The longer you plan to live on your retirement corpus, the higher is the risk of things going wrong.