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Reply to "How much do you need for an UMC retirement?"
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[quote=Anonymous]My planned expenses are driven up by my desire to fund any grandchildren’s Montessori school through elementary school. Also, I want to find their college education. I have no grandchildren but estimate 2-3 which means easily another $50k/year over my base expenses of $100k. Adding health insurance at $20k and tax at $25k gives me roughly $200k total required. SS will cover $60k eventually so I am shooting for $4m-$5m. And that’s realistic for us. [/quote]
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