How much do I need to support myself for a long retirement?
Wade D. Pfau
Estimating how large a nest egg you need to support you throughout a long retirement -- or, looking at the issue a bit differently and assessing how much you can safely withdraw from a nest egg of a given size -- is crucial to planning for a secure retirement. After all, if you underestimate how much savings you need or overestimate how much you can withdraw, you may run out of money while you've still got a lot of living to do.
Updegrave, Walter, "How much do I need to support myself for a long retirement?" (2017). In the News. 2084.