A separate survey of advisors, retirees, and preretirees by the Limra institute found that advisors ranked
inflation fourth out of five major retirement concerns.
The network reports, «Chinese
inflation data released on Monday, suggested that the economy is cooling faster than expected, while employment data
out of the U.S. on Friday indicated that jobs growth was tepid for a
fourth straight month in June.»
Going by the 4 % rule, you would withdraw, $ 40,000, or 4 %, your first year of retirement and then, assuming
inflation runs at 2 % a year, you'd pull
out $ 40,800 the second year, $ 41,600 the third, $ 42,450 the
fourth and so on the rest of your life.