We recommend that your retirement income withdrawal rates should be in the range of 3-5% based on your age, portfolio size, and other contributing factors that you should consult with your financial advisor about. The key to this rate of withdrawal is remembering that the larger of a percentage withdrawal that you make, the faster your account can become depleted, and in the case of a market downturn could amplify your losses. Another important factor is take all aspects of your life into consideration. For example, if two people have an identical portfolio size and structure, but one person is 15 years older than the other, the distribution rate should be different. The younger of the two people will have a longer time horizon that needs to be account for, therefore, his/her money will need to last longer and have less pressure from withdrawals.
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