Retirement Spending Just as Important as Retirement Income
Wade D. Pfau
We've all heard the rule-of-thumb: To retire comfortably, you need to replace 70% to 80% of pre-retirement income. Add a couple of percentage points for inflation every year, and you'll have what you need to meet your expenses in retirement.
Miller, Mark, "Retirement Spending Just as Important as Retirement Income" (2013). In the News. 504.