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[quote=Anonymous][quote=Anonymous]OP Here - thanks for the responses.  I will respond to individual posts but in generally I believe it's smart to think about these things.  It's not grubby or anything like that.

but some background.  my wife and I save.   I like to save more than she does.

We are 50 years old and have $9-10MM in investable assets and $2MM in Real estate equity. Our HHI income is on the order of $500-700K depending on the year.

She wants to completely spend our HHI each year now.  Does not want to save anymore.

Is she being reasonable?  Normally I say no but not so sure anymore.

Two sets of parents.  1 of them aren't in the greatest shape and i could see a decade of memory care for both of them.  My haircut assumption is $2MM in that case.  The other set is healthier and really need to be planning on another 15-20 years.  So who knows on that one but i haircut that to be $2MM as well.

In retirement we want to be able to spend exactly (if not more) than we spend today.

Normal retirement planning says withdraw 4% a year.  so, in our case that would be 400k.  we are about 100-200k short.  Hence save is my view.

Wife view - expenses go down so today's life style costs alot less without expenses for kids.   And 4% of some value for the inheritance gets us to the 100-200k number anyway.

is she correct?

p.s. we are very lucky.  historically we have lived below our means.

[/quote]

You need a financial plan. They can calculate her scenario and yours. Many people die with more. Spend the $$ to do this then make a decision. But do NOT factor in inheritance. Let that be gravy. [/quote]

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