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Reply to "Retiring on $60k/year"
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[quote=Anonymous]The rent is another factor that could change. That will only go up yet your pension and SS probably won't go up in relation to that. If it were me, I'd focus the next several years on saving 50% of my salary. I'd cut anything I didn't need--subscriptions, clothing, home decorations, fancy foods, etc--so that I could do it. Also focus on living on $45,000 (the 60K minus your taxes) the next few years to see if you can really do it. I'd also look into those food giveaways they have at churches when the time comes. [/quote]
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