O'Reilly logo

Retirement Savings Policy by Michael P. Barry

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 25 An Adequate Payout

People in our profession are often asked by friends and even casual acquaintances: “How much is enough—when do I have enough to retire?” If you’ve gotten this far in this book, you know that my first answer to that question is: “It depends.” Specifically, it depends on how much you want to spend in retirement versus how much you want to spend on other things in life. There is no science or math that can answer that question—it is in the end a matter of personal preference.

But there is a scientific-ish answer to another, related question—“What sort of income can I pay myself from my savings, given that my savings have to last the rest of my life?” And the answer to that question may help you figure out the answer ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required