halfastros81 said:
What % of preretirement spending do you think is prudent in retirement. Obviously it varies from person to person and family to family and based on age but I like to get a feel from those that are actually retired. I believe I pretty high % applies from 60-70 yrs of age and then a much
Lower % thereafter.
It is so lifestyle dependent that I'm not sure I can answer. What I have found is that. , by n large, we don't spend near as much. No need for a bunch of clothes . At our age we have all of the " stuff" we could possibly use . In fact we are dumping crap as much as possible. Consumables are the same and most of us treat ourselves to that " last " uber comfortable car. Plug in 75% , run your numbers , and see what the projections are .
A common comment I hear at our old fart lunches is it's amazing how little we are spending.