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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]

It’s not ridiculous. You’ll find new things to spend money on. You can eliminate income that went toward savings and work-related expenses (commuting costs). But other than that, most retirees who *can* spend about as much as they did before. Travel, expensive hobbies of your own, grandchildren, etc. Do you really plan to sit around your house all day?

Signed, a retired person[/quote]

Well, obviously. One could always just spend *more*. I could go on luxury trips that cost $20k per trip or I could do the same trip on $2k. I could buy expensive clothes, get the best concert tickets at $350 per person, or I could go to the local university and get a similar experience for $20. I could take senior classes at the local college for next to nothing or go on guided archeological tours for a multiple. I mean there are no limits to spending money. Doesn’t mean I will become wasteful in retirement.[/quote]

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