Retirement Rules

Physician's Money Digest, February15 2004, Volume 11, Issue 3

If you want to do some in-depth planningfor retirement, hundreds of resourcescan provide information specificto your situation. If you're just lookingfor general guidelines, however, the followingare three that are generally acceptedby retirement experts:

  • Figure that you'll need 70% to80% of your preretirement income tomaintain your current standard of livingin retirement.
  • Figure that you'll live to age 85 or90 and put away enough to last that long.
  • Figure that you can take out 4% to8% of your retirement assets per year andnot outlive your nest egg.