These two types of assistance have separate withdrawal rates.

In total the withdrawal rate for some claimants with incomes above the applicable amount is over 80 per cent.

That withdrawal rate can be increased only by the rate of inflation.

Ultimately, the key to keeping secure in a market downturn is a conservative withdrawal rate, several financial planners said.

At an initial withdrawal rate of 4 percent, however, the portfolio would last for 20 more years, until 2033.

People who retire into a bear market can cut back on their withdrawal rate, he said.

The general rule of thumb is: the younger your beneficiary, the lower the withdrawal rate.

As a result, withdrawal rates have been recommended to be customized to each individual patient.

To compensate for inflation, the withdrawal rate would increase 3 percent every year.

The withdrawal rates are intended to leave very little chance of running out of money.