Forget the 4% Rule. Here's What You Should Really Be Looking at During Retirement.
"Withdraw 4% of your savings your first year of retirement, adjust subsequent withdrawals for inflation, and you should be golden." Such is the advice many retirees have followed for decades in an effort to avoid running out of money.
It's called the 4% rule and was established back in the 1980s as guidance for managing a retirement nest egg. For a long time, financial experts urged savers to follow it to lower the chances of depleting their nest eggs in their lifetimes. While there's nothing wrong with using the 4% rule as a loose guideline for your retirement, following it strictly could backfire for a number of reasons.
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Source Fool.com