The "withdrawal methods" of cFIREsim, after it's last update, are finally in a state that I am happy with, and I wanted to do an in-depth piece on why someone would want to choose a "variable" spending method rather than the standard 4% rule.
This blog post is hopefully the first of many discussing more in-depth uses for retirement simulators.
Included in this discussion are:
- Goals of a withdrawal strategy (capital preservation vs. capital drawdown)
- The "Retire Again and Again" method
- The "Guyton-Klinger" method
- The "Hebeler's Autopilot" method
I know that a lot of people on these boards strictly think of the 4% rule as the end-all be-all, and I wanted to open up the discussion for this. Hopefully these strategies can not only lead to withdrawing more money, but in the case of many mustachians, it can lead to having to accumulate less of a stash before pulling the plug on work.
Enjoy.
http://cfiresim.com/blog/2013/09/25/withdraw-more-money-in-retirement-by-being-flexible/