Sequence of ReturnsData through 2026-08-26

Same returns. Different order. Different outcome.

Take the years a portfolio actually lived through, reorder them, and withdraw the same amount from each version. Nothing about the returns changes. The only difference is when the bad ones arrive.

Your allocation

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Your withdrawal plan

The withdrawal is taken once a year, after that year's return, and it rises on each anniversary.

Computing on the published dataset…

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