Does The 4% Rule Work Around The World?
An argument in support of the 4% rule is that the post-1926 U.S. historical period included a number of calamitous market events (Great Depression, Great Stagnation of the 1970s, etc.). As such, the argument goes, it is hard to imagine an even more dire situation awaiting future retirees.
Pfau, Wade D. PhD, "Does The 4% Rule Work Around The World?" (2016). Faculty Publications. 525.