[Uncle Miltie]

Their math is nuts.

If you are going to use a rule of spending $80,000 a year against $4,000,000 invested, if you ONLY EVER achieved a return equal to the rate of inflation, your portfolio would last 50 years.

That’s nuts.

[Uncle Miltie]

Who retires at 65 and expects to live to 115?

Plus, with hardly any trying, you ARE going to beat the rate of inflation. So there’s plenty of upside.

Then, there’s the pensions and Social Security for as long as they last.

Then, there’s your house, which is a spendable asset late in life when you move into a facility anyway. Your Net Worth is spendable. Your portfolio is a main, but not singular, part of it.

So, nuts.

[Bloody Sam Roberts]

Agreed. Live within your means. Save consistently. Invest (any number of ways) consistently. Stay healthy. You'll be fine.

Generally speaking.