How long will $500,000 last in retirement in Canada after?
Using the classic 4 percent rule, a $500,000 retirement portfolio is designed to last for a minimum of 30 years, and frequently longer depending on market performance. Under this withdrawal strategy, you withdraw 4 percent of your initial portfolio balance during your first year of retirement (which equals $20,000) and then adjust that dollar amount upward each subsequent year to keep pace with inflation. Historically, financial research indicates that a diversified portfolio composed of stocks and bonds can weather various economic cycles over a 30-year timeframe without completely exhausting the initial principal balance, though future results depend on market conditions.
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