A great and FREE tool is morningstar fund x-ray. You punch in the funds, stocks that you hold and it will show you percentage that you have domestic, foreign, small cap large cap etc. With this tool you can put your holdings in as percentage of the total rather than dollars.
No matter what you decide, it is a GUESS. No one can tell you exactly how long you will live, the rate of inflation till you die, stock market returns, bond market returns, cd returns AND AS I'VE BECOME MORE AWARE OF GOVERNMENT RISK. The simple answer was spend 4% per year of what you have saved
and you will be ok. The simple rule was later cut to 3%. THE TRUE ANSWER IS IT IS ALL AN EDUCATED GUESS.
The FED says they want 2% inflation. Yet, medical costs are rising far more than that. I think they are TELLING US-this week- that inflation is 1.5%. Ten year treasuries pay you 1.5% AND YOU PAY FEDERAL INCOME TAX ON THEM. Oh and even at 2% inflation your money will buy 25% less 18 years from now.
READ-GO TO LECTURES-AND SIGN NOTHING UNTIL YOU ARE SURE YOU UNDERSTAND NO ONLY WHAT THEY ARE TELLING YOU BUT WHAT THEY ARE NOT TELLING YOU.
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