Even a 5-6% tax-adjusted yield (which seems high, but I'm in Canada so I don't follow US rates too closely) is less than 5% after any inflation. Also corporate and municipal bonds are not without risk, although it's not large with proper diversification.
Parent implied the 20k/month was spending money. If you're reinvesting some of that money, then you're effectively reducing your withdrawal rate, in which case I agree. Also if you're willing to reduce your spending in the case of a downturn you could withstand a higher withdrawal rate. I'm just saying that a 5%+ real withdrawal rate is not sustainable indefinitely in a vacuum.
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Even a 5-6% tax-adjusted yield (which seems high, but I'm in Canada so I don't follow US rates too closely) is less than 5% after any inflation. Also corporate and municipal bonds are not without risk, although it's not large with proper diversification.
Parent implied the 20k/month was spending money. If you're reinvesting some of that money, then you're effectively reducing your withdrawal rate, in which case I agree. Also if you're willing to reduce your spending in the case of a downturn you could withstand a higher withdrawal rate. I'm just saying that a 5%+ real withdrawal rate is not sustainable indefinitely in a vacuum.