Here’s how to make your retirement funds last longer
Retirement income rule of thumb The 45th Sanlam Benchmark Survey found that South African pensioners who take a cash lump sum at retirement, on average, deplete the money within a year and two months.
In financial planning, particularly in retirement, one such principle has shaped decision-making for decades: the retirement income rule of thumb.” Martiens Barnard, marketing actuary at Momentum Investments, unpacks why the familiar “4% to 5% retirement income rule of thumb” still matters and why many South African retirees may be drawing more income than their savings can sustainably support.
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