Subject: Re: The 4% rule inventor makes some revisions
Aren’t you more of a 90%+ stocks kinda guy? The 2000 retiree sticking to that portfolio isn’t doing well, as your graph shows.

Here's how to think about that.

You have a 60/40 portfolio for your 4% withdrawal, and a 100/0 portfolio for the excess.

So, if your portfolio value is $5m and your withdrawal is $40,000, you have $600,000/$400,000, and $4,000,000/$0.

In total $4,600,000/$400,000, or a 90% stock allocation.