Don't Bet Your Retirement On History Repeating Itself
People nearing retirement should take note of the fact that U.S. financial markets have entered uncharted waters now in regards to the low bond yields and high stock market valuations facing investors.
Classic safe withdrawal rates studies such as William Bengen’s and the Trinity study investigate sustainable withdrawal rates from rolling periods of the historical data, giving us an idea of what would have worked in the past.
Pfau, Wade D. PhD, "Don't Bet Your Retirement On History Repeating Itself" (2016). Faculty Publications. 528.