How large a retirement nest egg do I need if I want to draw $60,000 a year from it and have my money last 30 years?–Anonymous
Estimating how large a nest egg you need to support you throughout a long retirement — or, looking at the issue a bit differently and assessing how much you can safely withdraw from a nest egg of a given size — is crucial to planning for a secure retirement.
After all, if you underestimate how much savings you need or overestimate how much you can withdraw, you may run out of money while you’ve still got a lot of living to do.
