facebookWhat should I do if I managed to amass a few million in index funds via Endowus in 30 years time (I'll be 65). Should I withdraw all at one go or draw down a percentage slowly per month? - Seedly
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Lau Poh Siong

Asked on 29 Oct 2020

What should I do if I managed to amass a few million in index funds via Endowus in 30 years time (I'll be 65). Should I withdraw all at one go or draw down a percentage slowly per month?

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Answers (3)

Ridhwan Muzaki

Ridhwan Muzaki

Level 3. Wonderkid

Answered on 02 Nov 2020

As you hit retirement age, you might want more bonds:stock ratio for your investment.

I would gradually take out what i need per year for that retirement period and let the rest grow via fixed income.

2

John Tan

02 Nov 2020

This makes sense! You rotate it into low-risk, low-return funds, right?

Ridhwan Muzaki

Ridhwan Muzaki

02 Nov 2020

That will be my plan yes.

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

S

Sean

Level 3. Wonderkid

Updated on 02 Nov 2020

Do not withdraw more than 4% (safe withdrawal rate) every year to ensure that the 96% keeps growing and you should never have to work again. This person explains it better:

https://www.instagram.com/p/B-aV537HMh4/?tm_source=ig_web_button_share_sheet

DYODD​​​

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Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Hi Lau Poh Siong, I'll say it all depends on your financial goals when you are 65 and whether you ha...

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