Sublime

Whatever the number, multiply it by 10. That amount, ideally, is what I’d like to see you have in your bond portfolio, at a minimum, on the day you retire. In other words, if you think you’ll need to pull $30,000 a year from your portfolio, I’d like to see you have at least $30,000 in cash and about $300,000 ($30,000 × 10) in bonds.