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  "documentTitle": "modern retirement monthly report en",
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  "notes": "Includes a specific example calculation for a $10M portfolio over 40 years.",
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      "text": "Example: If you plan to save and invest $10 million in a Moderate Aggressive portfolio to fund 40 years of retirement, this will fund about $330,000 of spending in the first year, increased annually by 2.4% to account for increases in the cost of living. (3.3% x $10 million = $330,000).",
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      "text": "Please see Beyond the 4% rule: Am I ready for retirement? for more information.",
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      "text": "Example: If you plan to save and invest $10 million in a Moderate Aggressive portfolio to fund 40 years of retirement, this will fund about $330,000 of spending in the first year, increased annually by 2.4% to account for increases in the cost of living.",
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      "text": "Withdrawal rate: 3.3%",
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      "text": "Source: UBS. Note: Longevity strategy portfolios are based on UBS’s nontaxable SAAs without nontraditional assets in combination with a three-year Liquidity strategy portfolio holding 50% US cash and 50% US fixed income; all risk and return characteristics are based on UBS’s 2023 equilibrium CMAs. Timeframes may vary. Strategies are subject to individual client goals, objectives, and suitability. This approach is not a promise or guarantee that wealth, or any financial results, can or will be achieved.",
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      "text": "Estimated withdrawal rates, targeting an 85% probability of success, assuming 2.4% annual inflation cost-of-living adjustment",
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      "text": "Risk profile vs Years matrix of withdrawal percentages",
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      "kind": "title",
      "text": "How much can you afford to withdraw from your portfolio?",
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