<prompt> Human: A 70 friend of mine said I have to come to terms that I will never earn money again. My bills are 2000month and I need this money to last the rest of my life. What is the best plan for her?a She is in her 70s so she doesnt need growth. She could very well run out of money at 95 and she is ok with that.b Her condo is paid for and the HOA is 400month. c I asked her what the other 1600 a month is for if she doesnt have a mortgage, and she avoided the question. That worries me.  <response>: 350K would last for 14.5 years at 2000month with no interest, assuming no other income such as social security. Which then leads to the question of whether they have other income. This ignores taxes, but those are not likely to be large at that income level, a few percent.You can get 2 safe yield on five-year CDs, so that would pay more than 6000year interest in the early years, and would reduce the drawdown by 25, from 24,000year, to 18,000year. Youd have to run a spreadsheet to see the total impact, but it would make the money last for close to 20 years. Higher interest rates? Longer time to savings exhaustion. 