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][quote=Anonymous]For us, about $250K pre-tax initially for first 10 years of retirement; falling to $175K - $200K when we reach early to mid 70s.

Anticipated monthly expenses in retirement:

-$2K home insurance + taxes on primary residence (plan to keep for first 8-10 years of retirement, then downsize)
-$2.5K misc. other expenses (auto insurance, utilities, cell phones, streaming, lawn service, 2x/mo houseclean, etc.)
-$2K food
-$1K entertainment/leisure
-$3K periodic capital expenditures (home repairs, new cars, new clothes, furniture/appliance replacement when necessary, etc.)
-$1K out of pocket medical (guesstimate)
-$1K kids (presents, plane tix to visit us, etc.)

= $12.5K/month = $150K/yr. base expenses

Factoring in estimated taxes and travel, $250K is our number.
[/quote]

That’s extremely high and filled with so many unnecessary items. $1000 a month to your kids for presents/travel expenses? $2k on food??

I get that you’re wealthy and don’t want to be frugal. But it’s not a good general guide for others who are looking for advice.  [/quote]

Not np.  Who do you think you are?  The thread asks what would it take for a couple to retire to a comfortable lifestyle and this poster listed and apparently has prepared for, the costs in their mind that would represent comfort and stability.  Just because this is not your income objective does not mean that you can berate someone on not being frugal enough.  JFC, you're a real prize.[/quote]

But what they posted is an upper class budget. Lower upper class, perhaps, but certainly not UMC when you live in reality (I guess you don't?) [/quote]

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