Subject: Re: Have about 2.5 years of cash left for expenses
Tied for second place are Moe and Curly. While they had exactly opposite sequence of returns, and thus divergent portfolio values every year excepting only the start and end points, they each end the fourteen years with $47. This, I think, was what Jim was referring to when her referenced the "dreaded (but not real)" SORR.

While it is true that Moe and Curly ended up with the same amounts, Moe withdrew 3 times more money than Curly ($72 vs $24). Moe's average balance was much greater than Curly's average balance, therefore he was able to withdraw more money. So even though they withdrew the same percentage amount, there is still a sequence of returns risk. The question is what can be done about it? To my knowledge, only accepting that there is a sequence of returns risk.

Craig