Subject: Re: 100% Stocks
I'm not sure I would have lived through that drawdown. Down 70% within 8 years of retirement and withdrawing ~$40K on a $300K portfolio. Definitely would cause ulcers or a heart attack and a lot of sleepless nights.
The 2000 retiree, I agree. No way I would have continued to withdraw that much after a 70% drawdown. Who would? Only folks that absolutely had to.