How To Retire At 60 With A 9.5% Dividend Stream

How To Retire At 60 With A 9.5% Dividend Stream

Share to Linkedin CHICAGO, IL - MAY 24: Television personality Suze Orman departs Harpo Studios after the final taping ... [+] of "Oprah" on May 24, 2011 in Chicago, Illinois. (Photo by Michael Roman/FilmMagic) TV personality Suze Orman has bad news for anyone hoping to escape the rat race: they'll probably have to wait until they're over 70. In a recent interview, the host of the Suze Orman Show splashed cold water on the idea that anyone can enjoy their golden years without clocking in at the office. "Stop this 'Oh, I'm going to retire at 60. I'm going to start claiming Social Security at 62!'" she proclaimed to viewers. The reason Orman is adamant most people don't have enough money to retire, and won't until they've hit 70? She says the 4% rule—a cornerstone of retirement planning for decades—is "dangerous," and no one should "be using the 4% rule on any level." Sound a bit extreme? I mean, by that logic, Orman is suggesting that if you have $100 million a year and take $4 million out for annual expenses, you aren't ready to retire. Even if you're 70 and expect to live to 80 (which is actually above