Permanent Portfolio: 70-year retirement

Last Update: 30 April 2024

Do you have in mind a 70 years retirement, investing in the Harry Browne Permanent Portfolio?

Worst case scenario so far, over a 70-year time horizon, you could have withdrawn 2.094% of your initial capital each year, kept withdrawing all the time (adjusting for inflation), and you wouldn't have run out of money before 70 years.

With a 4% withdrawal strategy, you would have lived on your investiment for 70 years in the 18.78% of cases. In the 11.09% of cases, you would have preserved your initial inflation adjusted capital.

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

The last 70 years of the Harry Browne Permanent Portfolio

Over the last 70 years (last update: April 2024), the portfolio has returned 7.22% annualized, with a maximum drawdown of -16.38%.

A safe withdrawal rate would have been 3.502%.

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
Swipe left to see all data
Timeframes ending at Apr 2024
Withdrawal Rate (%)
Investment Performances
Timeframe Period from Period to Perpetual Safe Ann.Return(%)
[ Infl.Adj. ]
Max
Drawdown(%)
70 Years 1 May 1954
30 Apr 2024 3.189 3.502 7.22
[ 3.51 ]
-16.38
Jan 2022 - Sep 2022
Simulations are calculated with actual returns of Harry Browne Permanent 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 | Portfolio is rebalanced each month | Inflation is updated at April 2024

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

Withdrawal Rates Simulation (updated at Apr 2024)

How much would it be an acceptable withdrawal rate, for the Harry Browne Permanent Portfolio?

Analyzing the available data source, all the 70-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 2024
Period: May 1924 - Apr 2024
Swipe left to see all data
WR (%) - Withdrawal Rate, on % Preserved Capital (Infl.Adj)
100%
Preserved
75%
Preserved
50%
Preserved
25%
Preserved
0%
Preserved
Success 100%
Worst Period (From)
1.632
Jul 1901
1.793
Jul 1901
1.922
Feb 1937
2.008
Feb 1937
2.094
Feb 1937
95%
1.809
1.938
2.052
2.165
2.272
90%
1.868
1.988
2.116
2.245
2.370
80%
1.975
2.101
2.230
2.353
2.479
50%
Median WR
2.542
2.682
2.799
2.933
3.047
Only 1 case
Best Period (From)
5.454
Mar 1871
5.535
Mar 1871
5.617
Mar 1871
5.698
Mar 1871
5.780
Mar 1871
Swipe left to see all data
WR (%) - Withdrawal Rate, on % Preserved Capital (Infl.Adj)
100%
Preserved
75%
Preserved
50%
Preserved
25%
Preserved
0%
Preserved
Success 100%
Worst Period (From)
1.749
Feb 1937
1.835
Feb 1937
1.922
Feb 1937
2.008
Feb 1937
2.094
Feb 1937
95%
1.838
1.928
2.016
2.105
2.194
90%
1.889
1.979
2.067
2.158
2.237
80%
2.015
2.106
2.187
2.282
2.370
50%
Median WR
2.692
2.789
2.872
2.970
3.072
Only 1 case
Best Period (From)
3.650
May 1924
3.759
May 1924
3.868
May 1924
3.977
May 1924
4.086
May 1924
Simulations are calculated with actual returns of Harry Browne Permanent 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 | Portfolio is rebalanced each month | Inflation is updated at April 2024

Withdrawals and Success Rate

If you had implemented a specific Withdrawal Strategy with the Harry Browne Permanent Portfolio, over 70 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 70-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 2024
Period: May 1924 - Apr 2024
Swipe left to see all data
Withdrawal
Rate
% Success over 70 Years
% Fail
% Success over 70 Years - on % Preserved Capital (Infl.Adj)
At least 0%
Capital Preserved
Percentile No Capital
Preserved
25%
Preserved
50%
Preserved
75%
Preserved
100%
Preserved
2.00 %
100.00
100% Succ.
2.094%
0.00
100.00
98.40
88.81
77.32
2.50 %
78.12
21.88
66.13
57.94
55.14
51.25
3.00 %
51.45
50% Succ.
3.047%
48.55
46.95
41.96
38.66
36.56
3.50 %
30.87
69.13
29.37
25.97
22.18
18.78
4.00 %
18.78
81.22
14.69
12.49
11.39
11.09
4.50 %
10.69
89.31
10.19
9.19
8.19
7.19
5.00 %
6.79
93.21
5.79
5.00
4.00
3.50
5.50 %
2.30
97.70
1.40
0.60
0.10
0.00
6.00 %
0.00
100.00
0.00
0.00
0.00
0.00
6.50 %
0.00
100.00
0.00
0.00
0.00
0.00
7.00 %
0.00
100.00
0.00
0.00
0.00
0.00
7.50 %
0.00
100.00
0.00
0.00
0.00
0.00
8.00 %
0.00
100.00
0.00
0.00
0.00
0.00
Legend: Min% of Protected Capital
Min 0%
Min 25%
Min 50%
Min 75%
Min 100%
Swipe left to see all data
Withdrawal
Rate
% Success over 70 Years
% Fail
% Success over 70 Years - on % Preserved Capital (Infl.Adj)
At least 0%
Capital Preserved
Percentile No Capital
Preserved
25%
Preserved
50%
Preserved
75%
Preserved
100%
Preserved
2.00 %
100.00
100% Succ.
2.094%
0.00
100.00
96.40
87.81
80.33
2.50 %
69.53
30.47
66.76
60.11
57.34
54.57
3.00 %
52.63
50% Succ.
3.072%
47.37
48.75
42.11
36.84
32.41
3.50 %
16.62
83.38
14.40
10.25
7.20
3.88
4.00 %
1.39
98.61
0.00
0.00
0.00
0.00
4.50 %
0.00
100.00
0.00
0.00
0.00
0.00
5.00 %
0.00
100.00
0.00
0.00
0.00
0.00
5.50 %
0.00
100.00
0.00
0.00
0.00
0.00
6.00 %
0.00
100.00
0.00
0.00
0.00
0.00
6.50 %
0.00
100.00
0.00
0.00
0.00
0.00
7.00 %
0.00
100.00
0.00
0.00
0.00
0.00
7.50 %
0.00
100.00
0.00
0.00
0.00
0.00
8.00 %
0.00
100.00
0.00
0.00
0.00
0.00
Legend: Min% of Protected Capital
Min 0%
Min 25%
Min 50%
Min 75%
Min 100%
Simulations are calculated with actual returns of Harry Browne Permanent 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 | Portfolio is rebalanced each month | Inflation is updated at April 2024

Related Pages

Portfolio Main Page:
Harry Browne Permanent Portfolio

For the Harry Browne Permanent Portfolio, we have prepared a report for each available timeframe:
10-Year    20-Year    30-Year    40-Year    50-Year    60-Year    70-Year    80-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