---
title: Sustainable Returns and Long-Horizon Metrics
url: https://www.ml-quant.com/papers/repec/taf-ufajxx-v-81-y-2025-i-1-p-33-62/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:taf:ufajxx:v:81:y:2025:i:1:p:33-62
source_url: https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fhdl.handle.net%2F10.1080%2F0015198X.2024.2401765%3Bh%3Drepec%3Ataf%3Aufajxx%3Av%3A81%3Ay%3A2025%3Ai%3A1%3Ap%3A33-62
featured: 2025-10-27
citations: unknown
topic: Other
---


# Sustainable Returns and Long-Horizon Metrics

Defines a “sustainable return” (a withdrawal rate that preserves real capital) and shows that return-sequence risk and reinvesting interim cashflows are key for long-term outcomes beyond simple short-period averages.

- Source: https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fhdl.handle.net%2F10.1080%2F0015198X.2024.2401765%3Bh%3Drepec%3Ataf%3Aufajxx%3Av%3A81%3Ay%3A2025%3Ai%3A1%3Ap%3A33-62
- Identifier: RePEc:taf:ufajxx:v:81:y:2025:i:1:p:33-62
- Released: 2025-10-27
- First featured: Quant Letter No. 117 (2025-10-27): https://www.ml-quant.com/issues/2025-10-27/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Other

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