How much income a retired couple would need in 2030 for a comfortable lifestyle
![[Post New]](/jforum/templates/default/images/icon_minipost_new.gif){kind=icon}
Anonymous
|
how does a retired couple eat $2K worth of food in a month?
I think you'll be putting on the pounds quickly. |
Anonymous
assumption was that the OP would retire at 65. Not everyone retires at 65. |
Anonymous
That’s extremely high and filled with so many unnecessary items. $1000 a month to your kids for presents/travel expenses? $2k on food?? I get that you’re wealthy and don’t want to be frugal. But it’s not a good general guide for others who are looking for advice. |
Anonymous
True. So that implies that a UMC retired couple should only need $30,000! |
Anonymous
Same. Outside of housing and healthcare, our biggest expense is our kids. I suspect we will live MUCH cheaper when they are gone. |
Anonymous
NP. I think the mix maybe slightly different for us but the overall amount seems reasonable to me as well. Also, this is post tax amount and so the amount to withdraw will be even more once you account for taxes. |
Anonymous
Not np. Who do you think you are? The thread asks what would it take for a couple to retire to a comfortable lifestyle and this poster listed and apparently has prepared for, the costs in their mind that would represent comfort and stability. Just because this is not your income objective does not mean that you can berate someone on not being frugal enough. JFC, you're a real prize. |
Anonymous
But what they posted is an upper class budget. Lower upper class, perhaps, but certainly not UMC when you live in reality (I guess you don't?) |
Anonymous
+1 Maybe some of these posters are assuming a retired lifestyle where they are fat and happy for 8 years and then disabled with skyrocketing medical costs and low quality of living for the rest of their lives? Or maybe you think you can shave 10 years off your life with this behavior, and thus afford to live more extravagantly in your 60s? I was just reviewing finances with my parents, who are in their mid-70s and are UMC to UC. Dad still technically works (he owns several businesses and works probably 15 hours a week checking in on them and making major decisions) so their income situation is different than I think most people here are envisioning -- he takes a healthy income from his businesses and they basically don't touch their retirement accounts except for travel. The eat very well at home, bi-weekly deliveries from Whole Foods with lots of proteins, fresh vegetables, some prepared foods to make life easier. Plus dinners out probably twice a week and then lunch out maybe 3x a week? They are spending around $500/mo on groceries and then maybe another 600-700 on restaurants, the bakery, etc.? And eating very well. I simply do not understand how you get to $2k for two people. Is it alcohol? My dad drinks but my mom doesn't, and realistically my dad should not be having more than one drink a night, tops, but I know he sometimes exceeds that. And I worry about his health. I don't know how you double their food intake. Personal chef? UMC people don't have that kind of in-home help. |
Anonymous
Asked and answered. Read the thread. |
Anonymous
Why does it matter? OP can look at the budget and decide which parts are applicable/relevant. What’s the point of your pedantic quibbling? |
Anonymous
+1 |