The longer you can run your retirement portfolio successfully, the longer your money will last according to the Monte Carlo calculators I have consulted. This one, posted by Vanguard, indicates I am actually much better off today in my 70s than I was more than a decade ago in my early 60s.
My portfolio is almost twice its size today as compared to its size at my retirement. And although I have more funds, these funds do not have to last anywhere near as long. As time passes, it looks more and more like my wife and I will make it through our retirement years without running out of money.
Take a look at the calculator and see what it tells you.
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