By William P Bengen.
Bengen originated the 4% rule for retirement portfolio draw-down. He revisits this strategy in this book. With the right portfolio he says the safe withdrawal rate not starts at 4.7%.
I see the concerns people can have with the 4% rule. It's not a stretch to call it curve fitting.
Retiring now is... interesting? Inflation is high. The Shiller PE ratio is near an all time high. As I retire, we are starting off at a 3.5% drawdown rate. If things go wrong then we have buffer. If they don't then we can give ourselves a raise.
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