http://www.csmonitor.com/2007/1231/p14s01-wmgn.html?page=3

***Begin Quote***

Bengen, author of the book, “Conserving Client Portfolios During Retirement,” published last year by the Financial Planning Association Press, has studied this issue since 1993. And based on his calculations, he believes 4.5 percent of total tax-deferred assets – stocks, bonds, and the like – is the correct payout amount in the first year of payouts. In following years, that payout rate would rise in line with inflation.

***End Quote***

Folks coming to the “withdrawing” phase of retirement savings have always been advised to take 4%. So a million dollar IRA can throw off 40k per year. So, you need lots stuffed away to be comfortable.

# # # # #