Here are ways retirees can protect nest eggs during a stock market rout

later this year, it's not guaranteed. Neither is a stock-market pullback if an economic downturn does materialize; while stocks frequently contract during recessions, there are instances when that didn't happen, according to a MorningstarFurther, adjusting withdrawal behavior is more important for younger retirees — especially healthier ones expecting to tap their nest egg for decades.

of risk from Charles Schwab, which examines two newly retired individuals with $1 million portfolios and $50,000 annual withdrawals . Here's the kicker: The first investor would run out of money after 18 years, while the second would have about $400,000 left.For example, some may cover all or the majority of their necessities from guaranteed income sources like Social Security, a pension or an annuity. They may more easily be able to throttle back spending from stocks or a broader investment portfolio, if it's largely being tapped just for discretionary purchases like vacations and entertainment.

Here's one easy rule of thumb: Using your personal life expectancy to determine if you're withdrawing a safe amount of money from year to year, Blanchett said.

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