This is very inaccurate. The 4% rule, invented by Bengen in the 1990s, says that if you invested 50% in large cap US stocks and 50% in US treasuries, your portfolio would never have been depleted over any historic 30-year period if you withdrew 4% in year 1, and then adjusted the dollar amounts you withdraw each year by the prior year's inflation.

More recently, Monte Carlo simulations showed that this strategy has only an 87% chance of success for 30 years. A much better strategy is the so-called "Guardrails Approach" (https://medium.com/crows-feet/your-single-best-way-to-avoid-running-out-of-money-in-retirement-a9793e0eb5cd) that Monrningstar research shows allows a starting draw of more than 5% and an average 30-year draw of 4.8% with a 90% chance of success.