Reply to How much income a retired couple would need in 2030 for a comfortable lifestyle

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]People seem to be confused. The question was UPPER MC. Not just maintaining a basic life.

We have 3 paid off properties. They are currently rentals, but when we retire one will be our winter home and the other our summer home. The other will be sold for tax free gains. We would like to have 18k/mo coming in EXCLUDING how much we will need to pay in insurance premiums which is is whole other pot of money.

Why? Because of travel. Plane tickets are not cheap. Travel is not cheap. Good food is not cheap. Additionally we will have to continue to pay taxes and maintain our homes. 18k will be a modes UMC lifestyle. [/quote]

It's definitely different definitions of "comfortable."

I'm the one who said $50,000 for a comfortable UMC lifestyle in DC. We have a paid off nice house in a nice DC neighborhood. I think we have the markers of UMC ($300k+ family income, graduate degrees). When I think comfortable, I think able to keep the house in good shape, not worrying about going out to dinner occasionally, able to buy tickets to the theater and all the books and magazines and streaming services we want, taking trips to visit family as desired. We certainly plan to spend more, primarily on travel, but I think of that as a luxury. It's certainly a luxury I'm looking forward to, but it's not necessary to be comfortable. [/quote]

$250k income is top 5% in DC per the 2019 article I posted earlier, doubt that has changed that much in 3 years. You are UC.[/quote]

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