Page 153 - Ready Set Retire

Ready. Set. Retire!

Figure 28: Income for Life Illustration

Now, compare that amount to what you must make in the
stock market to get the same income with the same level of
guarantees (good luck!).
First, you have determine what level of payout you want to
receive. If you are content with the mentioned 4%, you must
have $1,375,000 saved by age 70:

$55,000/.04 = $1,375,000
But we already know that is very iffy; after the last decade we
only have about a 43% chance of success using Monte Carlo
and the 4% Rule, and the annuity provides us with 100%. So

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