How long can $100,000 last in retirement? | Ep.21

In this episode, we dive into the crucial question: how long can $100,000 last in retirement? We explore the popular 4% rule, a widely-used guideline for sustainable withdrawals. With $100,000 in savings, this rule suggests you could withdraw $4,000 annually, potentially stretching your funds for 25 to 30 years. However, it's important to remember that market fluctuations and inflation could impact this timeline, and the 4% rule doesn't guarantee income for life.

For those looking for more financial security, we also discuss the option of investing in an annuity with a Guaranteed Lifetime Withdrawal Benefit (GLWB). With GLWB, your annual withdrawals could range from $7,000 to $16,000, depending on the terms and your age. The big advantage? A lifetime income guarantee, even if your account balance hits zero—offering peace of mind that the 4% rule may not provide.

Tune in to learn more about these two retirement strategies, and don't forget to try our Annuity Calculator for personalized estimates on how much income your savings can generate.