My friend is 70 and won't retire because they are worried about a 4% withdrawal rate - are they right to worry?

The 4% rule is a common guideline for retirement withdrawal, suggesting that retirees can safely withdraw 4% of their invested savings annually. A Reddit user's friend, nearing 70, is hesitant to retire due to fears around this rule. He worries that adhering to the 4% guideline might not suffice for his expenses, potentially leading to running out of funds. This highlights that while the 4% rule suggests a 90% chance of longevity for funds over 30 years, personalized financial advice is crucial for adapting strategies to individual circumstances and needs.

The 4% rule offers a guideline for retirement withdrawals, with a 90% chance of sustainability over 30 years, but personalized financial advice is crucial.

Generic withdrawal strategies like the 4% rule may not apply to everyone's unique financial situation, underscoring the importance of seeking tailored guidance.

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