Don't Spend More than 4 percent of Your Nest Egg

The so-called 4 percent solution is the most traditional approach. This number might stay relatively steady, but you may have to push retirement back a few years. This one is similar to the saving 10 percent of your paycheck: as long as you're aware that the amount you're taking out of your retirement account isn't too much and that you'll have some left in the future, and then you should be fine.