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One of the things were always talking about is what is a safe withdrawal rate on a portfolio in retirement. A lot of studies have gone into it, but anywhere between three and a half to about five percent rate has historically been pretty safe. The younger you are, the lower you want to take out of that portfolio whereas the older you get in retirement, you can bump that up to closer to five percent. Lets look at four percent right now. If you wanted to have six thousand dollars a month hit your bank account off your portfolio, and you wanted to stay within this safe withdrawal rate of four percent, you would take your six thousand times twelve months which would be 72,000 dollars off the portfolio annually. Then you multiply it by that four percent which would mean youd need a portfolio size of about 1.8 million dollars to generate six thousand dollars a month with that safe four percent withdrawal rate in retirement.
