894
表格來源：https://www.bogleheads.org/wiki/Variable_percentage_withdrawal
先前我們提到一種退休金動態提領策略，「設定提領百分比上下限」，這是一種將「固定美元」提領策略與「固定百分比」提領策略，兩種的想法結合，既考慮實質購買力，也顧慮到退休金可能在預期的期限內提領完畢的問題。
那我們是不是有可能從退休金的資產配置裡，再多領一些錢出來用，答案是可以的，就是這次要介紹的「可變百分比」提領策略。
所謂的「可變百分比」提領策略，除了將「固定美元」提領策略與「固定百分比」提領策略，兩種的想法結合，還將「n分之一」提領策略的想法也納入，所以「可變百分比」既考慮實質購買力，也顧慮到退休金可能在預期的期限內提領完畢的問題，還計畫在預定的期限內將所有的錢剛剛好領用完畢，這也就是「可變百分比」提領策略能夠有機會再多領一些錢出來用的作法。
這個提領策略的作法相當簡單，有兩種執行的方法，第一種方法是查表，我們舉個例子來說明。
首先我們需要以下的一些假設條件：
1.你預期提領的期限為年齡100歲，也就是說，當你年紀到100歲時，你計劃剛剛好把退休金提領完畢。
2.你計畫65歲退休，所以你未來必須從退休金中提領35次來支出生活費。
3.你的資產配置組合是全球股市與全球長期政府債券，並且配置比例為60％股票、40％的債券。
我們來看看下表紅字部份，紅字的百分比由5％一直提高至100％，65歲提領5.0％、66歲提領5.1％以此類推，這就是每年你須從退休金中提領的比率，是不是很簡單。
VPW Table
| Age | Withdrawals | 30% Stocks 70% Bonds | 40% Stocks 60% Bonds | 50% Stocks 50% Bonds | 60% Stocks 40% Bonds | 70% Stocks 30% Bonds |
|---|---|---|---|---|---|---|
| 40 | 60 | 3.4% | 3.6% | 3.8% | 4.1% | 4.3% |
| 41 | 59 | 3.4% | 3.6% | 3.8% | 4.1% | 4.3% |
| 42 | 58 | 3.4% | 3.6% | 3.9% | 4.1% | 4.3% |
| 43 | 57 | 3.4% | 3.6% | 3.9% | 4.1% | 4.4% |
| 44 | 56 | 3.4% | 3.7% | 3.9% | 4.1% | 4.4% |
| 45 | 55 | 3.5% | 3.7% | 3.9% | 4.2% | 4.4% |
| 46 | 54 | 3.5% | 3.7% | 4.0% | 4.2% | 4.4% |
| 47 | 53 | 3.5% | 3.8% | 4.0% | 4.2% | 4.4% |
| 48 | 52 | 3.6% | 3.8% | 4.0% | 4.2% | 4.5% |
| 49 | 51 | 3.6% | 3.8% | 4.0% | 4.3% | 4.5% |
| 50 | 50 | 3.6% | 3.8% | 4.1% | 4.3% | 4.5% |
| 51 | 49 | 3.7% | 3.9% | 4.1% | 4.3% | 4.6% |
| 52 | 48 | 3.7% | 3.9% | 4.1% | 4.4% | 4.6% |
| 53 | 47 | 3.7% | 3.9% | 4.2% | 4.4% | 4.6% |
| 54 | 46 | 3.8% | 4.0% | 4.2% | 4.4% | 4.7% |
| 55 | 45 | 3.8% | 4.0% | 4.2% | 4.5% | 4.7% |
| 56 | 44 | 3.9% | 4.1% | 4.3% | 4.5% | 4.7% |
| 57 | 43 | 3.9% | 4.1% | 4.3% | 4.5% | 4.8% |
| 58 | 42 | 4.0% | 4.2% | 4.4% | 4.6% | 4.8% |
| 59 | 41 | 4.0% | 4.2% | 4.4% | 4.6% | 4.9% |
| 60 | 40 | 4.1% | 4.3% | 4.5% | 4.7% | 4.9% |
| 61 | 39 | 4.1% | 4.3% | 4.5% | 4.7% | 5.0% |
| 62 | 38 | 4.2% | 4.4% | 4.6% | 4.8% | 5.0% |
| 63 | 37 | 4.2% | 4.4% | 4.6% | 4.9% | 5.1% |
| 64 | 36 | 4.3% | 4.5% | 4.7% | 4.9% | 5.1% |
| 65 | 35 | 4.4% | 4.6% | 4.8% | 5.0% | 5.2% |
| 66 | 34 | 4.5% | 4.7% | 4.9% | 5.1% | 5.3% |
| 67 | 33 | 4.5% | 4.7% | 4.9% | 5.1% | 5.3% |
| 68 | 32 | 4.6% | 4.8% | 5.0% | 5.2% | 5.4% |
| 69 | 31 | 4.7% | 4.9% | 5.1% | 5.3% | 5.5% |
| 70 | 30 | 4.8% | 5.0% | 5.2% | 5.4% | 5.6% |
| 71 | 29 | 4.9% | 5.1% | 5.3% | 5.5% | 5.7% |
| 72 | 28 | 5.0% | 5.2% | 5.4% | 5.6% | 5.8% |
| 73 | 27 | 5.2% | 5.4% | 5.5% | 5.7% | 5.9% |
| 74 | 26 | 5.3% | 5.5% | 5.7% | 5.9% | 6.1% |
| 75 | 25 | 5.5% | 5.6% | 5.8% | 6.0% | 6.2% |
| 76 | 24 | 5.6% | 5.8% | 6.0% | 6.2% | 6.3% |
| 77 | 23 | 5.8% | 6.0% | 6.1% | 6.3% | 6.5% |
| 78 | 22 | 6.0% | 6.1% | 6.3% | 6.5% | 6.7% |
| 79 | 21 | 6.2% | 6.4% | 6.5% | 6.7% | 6.9% |
| 80 | 20 | 6.4% | 6.6% | 6.8% | 6.9% | 7.1% |
| 81 | 19 | 6.7% | 6.8% | 7.0% | 7.2% | 7.4% |
| 82 | 18 | 6.9% | 7.1% | 7.3% | 7.5% | 7.6% |
| 83 | 17 | 7.3% | 7.4% | 7.6% | 7.8% | 7.9% |
| 84 | 16 | 7.6% | 7.8% | 7.9% | 8.1% | 8.3% |
| 85 | 15 | 8.0% | 8.2% | 8.3% | 8.5% | 8.7% |
| 86 | 14 | 8.5% | 8.6% | 8.8% | 9.0% | 9.1% |
| 87 | 13 | 9.0% | 9.2% | 9.3% | 9.5% | 9.7% |
| 88 | 12 | 9.6% | 9.8% | 10.0% | 10.1% | 10.3% |
| – | 11 | 10.4% | 10.5% | 10.7% | 10.9% | 11.0% |
| – | 10 | 11.3% | 11.4% | 11.6% | 11.7% | 11.9% |
| – | 9 | 12.4% | 12.5% | 12.7% | 12.8% | 13.0% |
| – | 8 | 13.7% | 13.9% | 14.0% | 14.2% | 14.3% |
| – | 7 | 15.5% | 15.6% | 15.8% | 15.9% | 16.1% |
| – | 6 | 17.8% | 18.0% | 18.1% | 18.2% | 18.4% |
| – | 5 | 21.1% | 21.2% | 21.4% | 21.5% | 21.6% |
| – | 4 | 26.0% | 26.2% | 26.3% | 26.4% | 26.5% |
| – | 3 | 34.3% | 34.4% | 34.5% | 34.6% | 34.7% |
| – | 2 | 50.7% | 50.8% | 50.8% | 50.9% | 51.0% |
| – | 1 | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
