How to avoid outliving your retirement savings

April 22, 2015 11:19 AM

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I'm trying to figure out how much I can withdraw from savings each year so I won't outlive my nest egg. I've often heard that 4% is the right amount. Is that correct? --Kevin W., Texas

The 4% figure you mention comes from studies done in the 1990s to identify safe withdrawal rates that resulted in what's known today as the 4% rule.

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