CHICAGO (AP) — Avoiding the nightmare financial scenario in retirement — running out of money — is getting trickier.

Rising life expectancy means having to pay for a longer retirement. The lack of a pension or frozen benefits translate to fewer, smaller checks from ex-employers. And the days of being able to count on averaging 10 percent annual returns from the stock market are over.

All that makes it even more important for retirees to know just how much they can take out of their portfolios every year without drawing them down too fast.

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