Reply to How much do you think you need for retirement, salary and age (and when you expect to retire)

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We are both retired and have more money than we need for retirement (we are very blessed!) but one thing we have discovered is that we spend far more in retirement than when we were working. We are both healthy and in good shape and with a ton of leisure time available to us a lot of it is filled in with different sports and travel both domestic and international. We have the luxury of being able to do all of this but you really need to factor in what you would like your life to be like in retirement. Do you want to travel, do you want to escape the winters or awful summers, do you want to take up a new hobby? All of this costs money and is often not in one's current budget. Our travel expenses are probably 3-4 times what they use to be and our overall expenses are likely up 25% or so because when we were working we were not spending money! [/quote]

There can be a happy medium though too.  My parents, for example, work out at the gym a few times a week for about two hours which is relatively low cost.  They also take classes at the community college for free and go for walks/light hiking which is a minimal cost.  They also meet up with friends and play cards or other board games (ok board games sounds kinda boring but they really enjoy it, maybe I will when I'm older too).  My dad does some volunteer work that he likes and that keeps him busy.  They do some traveling too and enjoy various Caribbean destinations.  They have the money to live larger than they do but they seem very happy with their current lifestyle.[/quote]

That's a good life.[/quote]

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