Great point on inflation, I've been using excel to work out this, our "official " inflation and real inflation appears to be two different things.Do you expect 9k to have the same purchasing power in 28 years as today? I don't.
I would make allowance for inflation in planning your drawdowns.
Your personal inflation rate may differ, but in general headline inflation measures overstate actual increase in prices as they don't account for quality improvements very well. But that's OT.Official is about 1%, real, my view , about 3% all our expenses are up, utilities, broadband, insurances to name just a few.
Sorry think it should be pot runs out after 23 years and not 19 as I stated.
Yes, correct.Its 19 years based on 6% withdrawal i.e my opening post query.
I don't think so.But assuming investment return only equalling inflation seems an absolute worse case scenario.