Retirement income

If not 4%, what’s a sustainable withdrawal rate?

December 08, 2022

This figure shows the SWR for each of the four investors (A, B, C, and D) across each of the three scenarios (downside, baseline, and upside). The lowest SWR, 0.0%, is attributed to Investor A in the downside scenario while the highest SWR, 4.9%, is attributed to Investor D in the upside scenario. There is a wide range in SWR between the downside and upside scenarios across all investors. Investor A has the lowest SWRs for all three scenarios. The SWR increases for each type from A to D.


David Pakula
Vanguard Information and Insights

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