check firecalc.com for historical likelihood of portfolio success, given a starting nest egg and an annual withdrawal rate. The 4% withdrawal rate mentioned above is very likely to succeed for an indefinite period, and 3% is essentially impossible. This is all assuming 85% US equities and 15% bonds, and that the future looks vaguely like the past 150 years.
Despite all the skepticism above, the 4% claims are true. Not 100% chance of indefinite success, but close enough to be actionable. You can also google the "trinity study" for more info.
If you're buying equities and leaving them alone for decades, sure. But if you're retired and depending on your investments for an income, being 85% in equities is insane. One prolonged bear market could wipe you out.
Despite all the skepticism above, the 4% claims are true. Not 100% chance of indefinite success, but close enough to be actionable. You can also google the "trinity study" for more info.