2% Withdrawal Rate - Stocks Only?

[xmj]

Depends on the earnings & dividend yields, and how much security you need to have.

A common allocation in endowments is 85% stocks / 15% municipal bonds (due to the tax advantages in the US)

See my comment in your earlier thread

My target portfolio

Two references that I want to add here: Spitznagel - Safe Haven Investing about how tail hedging can improve portfolio compounding, and allow for higher equity allocations Jim Garland - Memo to the Darcy Family, about how the real measure of a portfolio for endowment investors is the asset’s fecundity As you’re already financially independent the latter will help you improve thinking about spending levels (vs 4% rule heuristics) and the former will help build some mental scaffolding on fails…

and this other paper by Jim Garland A Cash-Flow Focus for Endowments and Trusts.

Generally, 2% is probably “too low” in that it will ensure your assets will grow faster than you withdraw from them, and leave your offspring with a pile afterwards.