I’m not clear on whether the thrust of the article is (1) withdrawing $40-50,000 per year out of the corpus of the one or two million dollar nest egg; or (2) living off the dividends/interest from the principal amount, while keeping the principal essentially intact for the retiree’ heirs.
They are talking about withdrawing 40-50k per year and adjusting the amount annually for inflation. This strategy gives a fairly high probability of allowing these kinds of withdrawals for 30+ years.
Will this provide for an adequate retirement? How much do you plan to spend? Do you have other sources of income? You planning on living to 96?