Money that Lasts: Can a $1 Million Nest Egg Work for Life?
A big sum at the start of retirement is only part of the story. What matters most is how much you pull from it each year. If you take out about 3 % of a $1 million pot, it can survive more than five decades. But if you lean toward 5 %, the risk of outliving it rises sharply. Early retirees face a l