Gold Portfolio: 20-year retirement

Last Update: 30 April 2023

Do you have in mind a 20 years retirement, investing in the Gold Portfolio?

According to the historical returns and stats of the portfolio, which has been a sustainable withdrawal rate to live off your investiment?

Key Points

Worst case scenario so far, over a 20-year time horizon, you could have withdrawn 1.726% of your initial capital each year, kept withdrawing all the time (adjusting for inflation), and you wouldn't have run out of money before 20 years.

With a 4% withdrawal strategy, you would have lived on your investiment for 20 years in the 61.42% of cases. In the 14.79% of cases, you would have preserved your initial inflation adjusted capital.

The last 20 years of the Gold Portfolio

Over the last 20 years (last update: April 2023), the portfolio has returned 8.86% annualized, with a maximum drawdown of -42.91%.

A safe withdrawal rate would have been 11.339%.

The Withdrawal Rates calculated here are annualized and refer to the initial capital (not the current!). The first month withdrawal is 1/12 of that annualized withdrawal and it's adjusted for inflation for each subsequent month.

A Perpetual Withdrawal Rate (PWR) protected the original inflation adjusted capital.

A Safe Withdrawal Rate (SWR) didn't protect the original capital, but the portfolio didn't run out of money during retirement. The portfolio went to zero exaclty at the end of the retirement period.

Learn more about Withdrawal Rate simulation
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Timeframes ending at Apr 2023
Withdrawal Rate (%)
Investment Performances
Timeframe Period from Period to Perpetual Safe Ann.Return(%)
[ Infl.Adj. ]
Max
Drawdown(%)
20 Years 1 May 2003
30 Apr 2023 7.910 11.339 8.86
[ 6.16 ]
-42.91
Sep 2011 - Dec 2015
Simulations are calculated with actual returns of Gold Portfolio | Preserved capital and withdrawals are considered adjusted for inflation | Withdrawals happen monthly | Performances are calculated in USD dollars, considering reinvestment of dividends when applicable | Inflation is updated at April 2023

For a complete view of the portfolio and all the possible strategies, please refer to Gold Portfolio page.

Withdrawal Rates Simulation (updated at Apr 2023)

How much would it be an acceptable withdrawal rate, for the Gold Portfolio?

Analyzing the available data source, all the 20-years timeframes have been considered to calculate the withdrawal rates and their success percentage.

Legend:
SWR 100% Success
PWR 100% Capital Protection
Period: Jan 1871 - Apr 2023
Swipe left to see all data
PWR (%) - Perpetual Withdrawal Rate
SWR (%) - Safe Withdrawal Rate
Preserved Capital 100% 75% 50% 25% 0% 0% 0% 0% 0%
Success Rate 100% 100% 100% 100% 100% 95% 90% 80% 50%
Minimum
Worst Period (from)
0.000
Dec 1884
0.000
May 1890
0.000
Jun 1897
0.000
Feb 1980
1.726
Feb 1980
3.107
95% Succ.
3.254
90% Succ.
3.455
80% Succ.
4.939
50% Succ.
Median 0.610
1.538
2.674
3.855
4.939
Average 1.728
2.279
3.021
4.188
5.421
Maximum
Best Period (from)
10.171
Oct 1970
11.260
Oct 1970
12.350
Oct 1970
13.439
Oct 1970
14.584
Jan 1971
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Key
Withdrawal
Rates (%)
Success Rate
100% 95% 90% 80% 50%
Preserved Capital 100% 0.000
0.000
0.000
0.000
0.610
75% 0.000
0.000
0.000
0.000
1.538
50% 0.000
0.000
0.000
0.241
2.674
25% 0.000
1.524
1.636
1.865
3.855
0% 1.726
3.107
3.254
3.455
4.939
Period: May 1923 - Apr 2023
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PWR (%) - Perpetual Withdrawal Rate
SWR (%) - Safe Withdrawal Rate
Preserved Capital 100% 75% 50% 25% 0% 0% 0% 0% 0%
Success Rate 100% 100% 100% 100% 100% 95% 90% 80% 50%
Minimum
Worst Period (from)
0.000
Apr 1932
0.000
Feb 1933
0.000
Feb 1934
0.000
Feb 1980
1.726
Feb 1980
2.924
95% Succ.
3.247
90% Succ.
3.494
80% Succ.
5.014
50% Succ.
Median 1.814
2.703
3.562
4.227
5.014
Average 2.320
2.869
3.576
4.684
5.858
Maximum
Best Period (from)
10.171
Oct 1970
11.260
Oct 1970
12.350
Oct 1970
13.439
Oct 1970
14.584
Jan 1971
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Key
Withdrawal
Rates (%)
Success Rate
100% 95% 90% 80% 50%
Preserved Capital 100% 0.000
0.000
0.000
0.000
1.814
75% 0.000
0.000
0.000
0.000
2.703
50% 0.000
0.000
0.004
0.276
3.562
25% 0.000
1.490
1.704
1.892
4.227
0% 1.726
2.924
3.247
3.494
5.014
Period: May 1973 - Apr 2023
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PWR (%) - Perpetual Withdrawal Rate
SWR (%) - Safe Withdrawal Rate
Preserved Capital 100% 75% 50% 25% 0% 0% 0% 0% 0%
Success Rate 100% 100% 100% 100% 100% 95% 90% 80% 50%
Minimum
Worst Period (from)
0.000
Jul 1973
0.000
Apr 1974
0.000
Nov 1978
0.000
Feb 1980
1.726
Feb 1980
2.472
95% Succ.
2.835
90% Succ.
3.218
80% Succ.
4.916
50% Succ.
Median 0.775
1.901
2.940
3.952
4.916
Average 2.098
2.619
3.366
4.330
5.462
Maximum
Best Period (from)
9.146
Aug 2001
9.876
Aug 2001
10.607
Aug 2001
11.338
Aug 2001
12.068
Aug 2001
Swipe left to see all data
Key
Withdrawal
Rates (%)
Success Rate
100% 95% 90% 80% 50%
Preserved Capital 100% 0.000
0.000
0.000
0.000
0.775
75% 0.000
0.000
0.000
0.000
1.901
50% 0.000
0.000
0.000
0.785
2.940
25% 0.000
0.557
1.195
2.047
3.952
0% 1.726
2.472
2.835
3.218
4.916
Simulations are calculated with actual returns of Gold Portfolio | Preserved capital and withdrawals are considered adjusted for inflation | Withdrawals happen monthly | Performances are calculated in USD dollars, considering reinvestment of dividends when applicable | Inflation is updated at April 2023

Withdrawals and Success Rate

If you had implemented a specific Withdrawal Strategy with the Gold Portfolio, over 20 years, which would have been the success rate so far?

Simulations follow the same rules mentioned before. Withdrawals are expressed as yearly rates and refer to the initial capital. After that, withdrawal amount is monthly adjusted for inflation.

Success rates are calculated over all 20-year timeframes available in the data source. To focus on a specific withdrawal rate, click on the links in the table.

Period: Jan 1871 - Apr 2023
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Withdrawal
Rate
20 Years
% Fail
% Success over 20 Years - on % Preserved Capital
% Success Percentile No Capital
Preserved
0%
Preserved
25%
Preserved
50%
Preserved
75%
Preserved
100%
Preserved
2.00 %
99.43
0.57
99.43
73.38
57.08
46.76
37.00
2.50 %
98.80
1.20
98.80
65.83
51.29
41.79
28.38
3.00 %
96.22
95% Succ.
3.107%
3.78
96.22
59.03
47.83
34.80
21.33
3.50 %
78.16
21.84
78.16
54.25
42.23
26.75
16.87
4.00 %
61.42
38.58
61.42
48.14
32.60
20.33
14.79
4.50 %
55.88
50% Succ.
4.939%
44.12
55.88
40.59
24.73
16.11
13.53
5.00 %
48.65
51.35
48.65
32.22
21.46
14.16
10.82
5.50 %
39.02
60.98
39.02
25.05
14.98
11.33
8.12
6.00 %
32.72
67.28
32.72
20.20
12.02
8.56
7.30
6.50 %
26.12
73.88
26.12
16.55
9.69
7.68
6.42
7.00 %
19.89
80.11
19.89
10.76
8.37
7.05
5.22
7.50 %
16.30
83.70
16.30
9.13
7.36
5.92
3.96
8.00 %
12.21
87.79
12.21
8.37
6.48
4.66
3.08
Legend: Min% of Protected Capital
Min 0%
Min 25%
Min 50%
Min 75%
Min 100%
Period: May 1923 - Apr 2023
Swipe left to see all data
Withdrawal
Rate
20 Years
% Fail
% Success over 20 Years - on % Preserved Capital
% Success Percentile No Capital
Preserved
0%
Preserved
25%
Preserved
50%
Preserved
75%
Preserved
100%
Preserved
2.00 %
99.06
0.94
99.06
74.71
60.15
54.42
49.12
2.50 %
98.02
95% Succ.
2.924%
1.98
98.02
65.76
57.86
51.51
40.79
3.00 %
94.28
90% Succ.
3.247%
5.72
94.28
61.71
55.46
45.79
31.74
3.50 %
79.71
20.29
79.71
58.17
50.68
38.40
25.81
4.00 %
63.27
36.73
63.27
54.63
41.21
30.59
23.31
4.50 %
57.54
42.46
57.54
46.31
35.90
24.97
22.16
5.00 %
50.47
50% Succ.
5.014%
49.53
50.47
39.96
32.99
22.68
17.90
5.50 %
43.18
56.82
43.18
36.11
23.62
18.73
13.42
6.00 %
39.13
60.87
39.13
31.74
19.67
14.15
12.07
6.50 %
36.32
63.68
36.32
26.53
16.02
12.70
10.61
7.00 %
31.63
68.37
31.63
17.79
13.84
11.65
8.64
7.50 %
26.74
73.26
26.74
15.09
12.17
9.78
6.56
8.00 %
20.19
79.81
20.19
13.84
10.72
7.70
5.10
Legend: Min% of Protected Capital
Min 0%
Min 25%
Min 50%
Min 75%
Min 100%
Period: May 1973 - Apr 2023
Swipe left to see all data
Withdrawal
Rate
20 Years
% Fail
% Success over 20 Years - on % Preserved Capital
% Success Percentile No Capital
Preserved
0%
Preserved
25%
Preserved
50%
Preserved
75%
Preserved
100%
Preserved
2.00 %
97.51
95% Succ.
2.472%
2.49
97.51
80.61
58.45
48.75
42.38
2.50 %
94.74
90% Succ.
2.835%
5.26
94.74
71.47
54.57
44.04
34.07
3.00 %
84.76
80% Succ.
3.218%
15.24
84.76
62.60
49.31
37.67
25.76
3.50 %
75.90
24.10
75.90
55.40
44.32
27.15
21.33
4.00 %
63.71
36.29
63.71
49.03
29.64
21.61
19.11
4.50 %
56.79
50% Succ.
4.916%
43.21
56.79
38.50
21.88
19.67
18.28
5.00 %
47.65
52.35
47.65
27.42
20.50
18.56
16.34
5.50 %
34.35
65.65
34.35
23.55
18.84
17.73
14.68
6.00 %
30.75
69.25
30.75
20.50
18.28
14.96
12.74
6.50 %
26.59
73.41
26.59
18.84
16.34
13.57
11.91
7.00 %
21.88
78.12
21.88
17.73
14.68
12.47
10.80
7.50 %
19.39
80.61
19.39
15.24
12.74
11.36
8.59
8.00 %
16.90
83.10
16.90
13.85
11.63
9.70
6.37
Legend: Min% of Protected Capital
Min 0%
Min 25%
Min 50%
Min 75%
Min 100%
Simulations are calculated with actual returns of Gold Portfolio | Preserved capital and withdrawals are considered adjusted for inflation | Withdrawals happen monthly | Performances are calculated in USD dollars, considering reinvestment of dividends when applicable | Inflation is updated at April 2023

Related Pages

Portfolio Main Page:
Gold Portfolio

For the Gold Portfolio, we have prepared a report for each available timeframe:
20-Year    30-Year    40-Year    50-Year    60-Year    70-Year   

if you want to learn more about the statistics of a specific withdrawal rate, we suggest these in particular:
2%    2.5%    3%    3.5%    4%    4.5%    5%   

Website Homepage:
BestRetirementPortfolio.com

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