It is a long story, but my mom is 65 and will be living off fixed investments here shortly without much opportunity to make more money. Using the 4% rule she will be a bit short of her annual expenses (probably ~15%). We have budgeted pretty liberally, but didnt include major one-time expenses like huge medical bills, roof replacements, new cars, etc. I did factor in asset management fees and taxes.

I am wondering, for those who are 5-10+ years in, how has your spending increased? Are you able to draw slightly more than 4%? Do you think you will be drawing your investments down to 0?

Any other thoughts or advice you can provide? Any expenses you really didn’t consider?