Reply to How much do you need for an UMC retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You’ll get such a wide range of answers here. For example, 250k is a lot.

I’m part of a financial forum and most who have been retired a while say they spend less than they planned. Some do choose to pay a lot for health insurance plans. Those on the ACA are paying low costs for good care.

I’d consider:
Any deferred maintenance (roof, etc)
Mortgage and property taxes
Travel
Utilities
Groceries
Cars
Etc

I added ours up and could barely get past $50k / year and that included traveling.

If you don’t calculate correctly, you might end up thinking you have to work longer than you do. No problem working longer if that’s your life goal but most want to have more time for other pursuits.

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Guess it just depends on how you live. Our property taxes on one house are over $20k, and we need a new fridge which is north of $20k. One vacation is $10k at least. Our car tax is over $7k for the year and insurance is over $10k, not including health insurance. [/quote]

A freaking fridge is north of 2oK - you are out of your mind[/quote]

Says someone who has never purchased a subzero.

They are awesome fridges.  They last 20+ years and typically do not have any issues.   Had 2 subzeros make it to 20 before we moved/remodelled.  Lived in one place for 10 years, the other 5 and never had a single issue with the fridge.  Can't say the same about literally any other fridge I've had. 
Had a Samsung when it was "highly rated".  18 months in it developed issues with cooling and it was so bad (Samsung had tons of issues) it would be 4+ months for a part to fix it (this was 2010, well before covid). So I had to ditch a nearly new fridge because I actually needed it to function and couldn't wait 4+ months.  
Most of my fridges never made it beyond 8 years without some major issue.

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