One more thing, check out "sequence of returns" if you don't already know what it is. SOR has a huge effect on your retirement stash.
Here's a little example of sequence of returns ( although an absolute worst case scenario):
If you had $750,000 and wanted to retire at 60 and have it last 30 years and take out the considered "safe" 4% withdrawal rate
If you started in 1972 you would've been flat broke in 22 years
If you started in 1973 you would've lasted all 30 years and still have your $750,000 in the bank
If you started in 1974 you would have lasted all 30 years and have close to double your $750,000 in the bank
Quite a difference for 3 years. Like I said though, this is a worst case scenario, only a 3 year spread in the 60's was as bad. But something to be aware of when considering retirement. It's why I'm a little nervous retiring in June. Much more likely for a market downturn from here than continued upward climb.
Not sure what happened to the font in my example?