Can I Afford to Retire?

Robert P. Kurshan
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Robert P. Kurshan: Fellow, Cadence Design Systems (retired)

Chapter Chapter 10 in Investment Industry Claims Debunked, 2022, pp 183-186 from Springer

Abstract: Abstract If you have some control over your retirement date, before you cut the cord, you should check if you have enough savings on which to retire. If you have no control over your retirement date, this check can tell you the expected level of spending possible in retirement. Expected is a very significant and operable adjective: it says that this or more is possible in 50% of the modeled futures. For the other 50%, less is available. Therefore, this check should be considered a feasibility check only, not the basis of a spending plan. Chapter 11 gives an investing/spending plan based on the “shock absorber” described in Sect. 4.2 , tailored for retirement. That plan dampens the volatility of investments used to cover expenses, hence limiting degradation (Sect. 11.1.1 ), which decreases the effective growth rate of a periodically drawn-down volatile investment. This considerably increases the likelihood that a feasible level of spending determined by the check given here can be realized.

Date: 2022
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DOI: 10.1007/978-3-030-76709-9_10

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