The Retirement CARE Analysis That Can Help You Determine A Spending Rate And Asset Allocation
A natural guideline for the retirement spending decision is to first determine what spending rate would satisfy your overall lifestyle goals. Beyond this, it is important to consider the following:
Your degree of spending flexibility to make cuts if necessary, Your general view about whether your spending may need to keep pace with overall consumer price inflation, and Whether you want to maintain a safety margin for assets.
Pfau, Wade D. PhD, "The Retirement CARE Analysis That Can Help You Determine A Spending Rate And Asset Allocation" (2017). Faculty Publications. 784.