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Reply to "How much do you need for an UMC retirement?"
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[quote=Anonymous]Our budget (couple with 2 kids) Total Annual Retirement Spending: approx. $210k (about $5 million in investments) Home (includes yard, pool, housekeeping, maintenance and renovations): $30k Real estate taxes: $23k Auto and transport: $12k Food and dining: $15k Kids (support/spoilage): $10k Health and Fitness (out of plan providers, trainers, etc.): $20k Utilities: $7k Shopping: $10k Travel: $25k Entertainment: $5k Gifts and Donations: $10k Personal Care: $2k Education (art and other classes): $3k Misc.: $5k Income Taxes: $35k There is a lot of slush so we can expand/contract as needed. As we get older, other spending (travel, entertainment, shopping) will shift to long-term care expenses. [/quote]
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