Their report suggests that seniors lean heavily on regular income (such as pensions and Social Security benefits) rather than withdrawing from savings in retirement. Using this rule, a $1.46 million portfolio would give you $58,400 per year plus Social Security — provided you actually draw down on it. Another way to work around the 'income preference' in retirement is to prioritize generating passive income, not just drawing down on your savings. This might seem like a lot at first, but at a 4% drawdown, that's only $10,000 per year plus Social Security. Simply answer a few questions about your savings, retirement timeline and overall investment portfolio.