The guy behind retirement’s 4% rule now thinks that’s way too low. Here’s how much more money you could spend.

Jessica Hall is a retirement reporter for MarketWatch. She was an Age Boom Academy Fellow with Columbia University and completed the Leadership Exchange on Ageism. She previously worked at Mainebiz, the Portland Press Herald and Maine Sunday Telegram, where she and her team earned a Scripps Howard Award for Community Journalism for a series on aging. She spent 17 years at Reuters, covering mergers and acquisitions, telecommunications and airlines. She started her career in Baltimore at The Daily Record and Baltimore Business Journal. She has freelanced for Barron’s and other publications.

This post was originally published on Market Watch