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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How are people figuring out how much they will need? We have 12-15 years until retirement and I am not sure where to start. Do you look at current expenses and subtract the ones you won’t have and add ones that you will (for example more on travel or health care)?[/quote] This is what I do. I regularly track our expenses and estimate that we won't have a mortgage in retirement but from some online calculators, it seems reasonable to expect health expenses to offset that. No more kid expenses but more entertainment/travel for us. I feel best assuming we'll need 100% of current income (after retirement savings since we won't be doing that anymore).[/quote] And try and account for inflation.[/quote]
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