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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.nerdwallet.com/investing/retirement-calculator[/quote]

This calculator stupidly assumes that I need as much money during retirement as I need now when I will:

- have paid off my house
-no expenses for private school or college
- no more trips for 4 persons (plus no more expensive ski trips)
-no more expensive hobbies for DCs to pay (horses, sailing, etc)

There is no way I will need all of this. There is also no way I can pay for extended qualified home care. So what’s the point of this ridiculous calculator?[/quote]

When I click on that link, it takes me to a calculator that has an "options" setting where I can adjust the assumption of my expected retirement setting, and it seems to default to 70%. Just change the setting if you want lower future spending.

Also, while you will stop having certain costs, the current costs that will continue (real estate taxes, medical bills, groceries, utilities, insurance, etc) will all be higher than they are now. So dollar per dollar, it's probably not as ridiculous as you think. Also, I don't know about you, but I plan to travel more, help out my young adult kids with things like weddings or down payments, etc. [/quote]

I travel plenty now, but use a paid for apartment as a base to travel from. I intend to do the same in future, and don’t have plans to go on luxury river cruises and the likes. I traveled a lot as a kid/teen etc and am already revisiting lots of the same places with my DCs. There’s not much that I feel like I need to see that I haven’t seen yet. My kids will get an inheritance and that’s more than I got/will get. I don’t think I can help much with a down payment or lavish wedding. I am a sole earner and am doing my best, but being guilted by some calculator which just tells me I’ll have a shortfall of $3M doesn’t help. :))[/quote]

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