How Much Do You Need?

Unless you have an excellent pension plan that can cover all your income needs during retirement, you will ask sooner or later: “Do I have enough savings for retirement?” First, let’s define what the “Sustainable Withdrawal Rate” (SWR) is. SWR is the maximum amount of money that you can withdraw from savings throughout retirement with an acceptable risk of depletion. It is customary to express it in terms of a percentage, such as the famous “4%...