Retirement Spending is Not a Straight Line
Wade D. Pfau
Is it time to retire the old rule of thumb for projecting your clients’ spending needs in retirement?
The standard formula starts with replacing a certain amount of pre-retirement income - generally 75 percent to 80 percent - and adjusting that for inflation annually.
Miller, Mark, "Retirement Spending is Not a Straight Line" (2013). In the News. 499.