This study compares simple dynamic withdrawal strategies with the static withdrawal method, examining not only failure rates and ending wealth but also spending. In addition, the use of small company stocks in place of large company stocks is investigated. Results indicate that use of small stocks is superior to using large stocks in the portfolios. When U.S. historical stock returns are adjusted downward, there is the potential for some dynamic strategies to not ensure income for life. This paper demonstrates that the simplest dynamic strategy is superior to two popular dynamic strategies.
