I’m referring to the Trinity study and subsequent interpretation that a person’s wealth needs at least 25 times his current annual expenses in order to retire without shrinking the portfolio.
What if I don’t want to leave a penny behind to anyone?
By age 65, instead of saving
$250,000 for each $10,000 of annual expenses at that time, could I assume that I would not live past the 99th percentile of life span (around 100 years old), and use TVM calculator (-10,000 Payment, 0 Future Value, 4% Rate, 35 Periods) to obtain
$186,646 for each $10,000 of annual expenses?
I’m not here to debate if the Trinity study is correct (I don’t care about emergency expense or global market crash).
My question: Can I follow a rule of 19X / 20X instead of 25X if I do not want to leave a huge sum of money behind.