What Do Market Expectations Have To Do With Safe Withdrawal Rates?
While still within the realm of exploring classical studies about sustainable spending, we should look at an alternative way to frame the results and analysis. That is, rather than asking for the probability of success associated with a particular withdrawal rate, we could also calculate the highest sustainable withdrawal rate linked to a particular probability of success.
Pfau, Wade D. PhD, "What Do Market Expectations Have To Do With Safe Withdrawal Rates?" (2016). Faculty Publications. 508.