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Can I Afford to Retire?

In: Investment Industry Claims Debunked

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  • Robert P. Kurshan

    (Fellow, Cadence Design Systems (retired))

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.

Suggested Citation

  • Robert P. Kurshan, 2022. "Can I Afford to Retire?," Springer Books, in: Investment Industry Claims Debunked, chapter 0, pages 183-186, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-76709-9_10
    DOI: 10.1007/978-3-030-76709-9_10
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