While you may not be the average Canadian and the dollar amount of your annual spending may be considerably more or less than
other typical retirees, it is not unreasonable to assume that the trajectory of your spending will decline in inflation - adjusted terms particularly during your 70s.
footnote ** Research from Vanguard and
other retirement income experts has found that, by limiting spending to 4 % of a portfolio each year,
retirees have a higher probability of maintaining a stable income stream — one that can be sustained over the
typical retirement period of 20 — 30 years, even in a low - interest - rate environment.