Reply to How much annual budget do you need to feel comfortable in retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We need at least $400k to cover costs which include membership at two clubs with hefty annual dues and minimum spend, property taxes, house upkeep, and elder care assistance for once set of parents, so that works out to roughly $10m in investible assets. It's nuts. If I were single, I could live on significantly less. [/quote]

Mine is similar to this PP. If with DH, probably $350k-400k a year. Without him, $150k a year[/quote]

I just went through figuring out the budget and our spend will be $300 a year plus taxes. We just had a cash flow analysis done and I am feeling better about it, but one interesting part of the analysis was showing maximum spend, which would be $500K a year in today's dollars. That means if I start spending that amount now and continue that every year (with added inflation), we will run out of money by the end of life. If we stay on course at our planned spending, we will die with almost double what we have in assets now.[/quote]

yes, for most people if you are spending 500k/year, they will run out of money before they die. I mean that's no rocket science, right? [/quote]

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