[fnordpiglet]

I said an annuity. An annuity would draw the principal down as well, and you generally make a drawdown assumption that leaves you with some safe margin for extended life and maybe some inheritance.

[treewalking]

If you model it as a lifetime annuity with inflation adjustment you are looking at more like 50k/year income at the outset were you to buy today.

My understanding is that annuities provide in general a worse return than the so called 4% rule on average.