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Analyzing Retirement Withdrawal Strategies
An optimal withdrawal strategy beginning at age 65 provides a lifetime income from a portfolio, adjusted annually for inflation, while reducing the probability of living in financial ruin to an ac-ceptable level. This paper analyzes the probability of living in financial ruin, potentially for multiple years, rather than just the event of ruin. A stochastic Excel model was developed to simulate the effect of varying investment returns on a portfolio with two asset classes; large company stocksdoi:10.20944/preprints201801.0182.v1 fatcat:v2tta7pt2vcuhgi74tkcprtvq4