There are many people who have asked that Greaney call his study an Historical Safe Withdrawal Rate study. If he did this, there would obviously be no problem with it. He has never agreed to do this. And of course there is language throughout the study in which he discusses safe withdrawal rates, not historical surviving withdrawal rates. All of that needs to be changed to make the study accurate.

If it were made accurate, there would not be a thing wrong with it. The problem is the inaccuracies. I gave the study a five-star review at Soapbox.com because it does a good job of reporting the HSWR. I have no problem whatsoever with using that methodology to determine the HSWR. That's just what it does.