We would like to close with a rule of thumb calculation for you. Research into retirement withdrawals using historical market returns suggests that withdrawing 4 percent of your retirement portfolio value per year has generally supported at least 30 years of withdrawals, assuming the portfolio is 60 percent or more common stocks. We should state that many retirement planners would consider this a relatively risky portfolio in retirement. If you are willing to accept this risk, what multiple of annual retirement spending does this suggest you need for your retirement portfolio? What happens to this multiple if you are more risk averse