Spending in Retirement:
- www.vanguard.com Follow the pointers to the "Personal Investors" site. Click on: "Planning & Education" near top; "Retirement" near top; "I'm preparing to retire" near the left middle; "Picture your Retirement"; "Plan for a long retirement"; "Vanguard Lifetime Spending Analyzer" on the right middle. Unfortunately, Vanguard changes its site often. You may have to search the site for "how long" or "vanguard lifetime spending analyzer" or similar to get to this tool.
- http://www.fincalc.com
- http://www.fairwinds.org/wizards/RetirementPlan.asp
- http://www.smartmoney.com/oneasset/index.cfm?story=retireallocator
- http://www3.troweprice.com/ric/RIC/
- http://cgi.money.cnn.com/tools/ Click on "Retirement Planner" about one-quarter of the way down.
- http://www.retirement-income.net/run_out.htm See especially the links to the tables at the bottom of this site. These reference the famous 1998 Trinity study, an investigation by three Trinity University (San Antonio, Texas) professors of what withdrawal rates were least likely to deplete an investor's funds, based on simulations using historical data.
- http://www.tiaa-crefinstitute.org/research/articles/docs/120101.pdf This is a pdf link to the article, "Making Retirement Last a Lifetime" (December, 2001, Journal of Financial Planning, Ameriks, Veres, and Warshawsky). It factors in inflation. Start with Table 1. Study it and the text on the side. If the link above is broken, search the TIAA-CREF site's online library.