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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We ran calculations using 150k/year factoring in inflation and taxes. It will be more than we need and using the 4% rule as a guide, we’ll never run out of money. [/quote]
$75k per person is pretty darn cheap![/quote]
dp col doesn't run like that. It's not 50/50 per person.   You have shared costs.

Our current monthly expenses is about $12K per month (including some travel), and that's with one child in college and one senior in HS at home.  Once our youngest goes off to college, I'm going to retire. Our monthly budget won't change much because while we will stop contributing to the 529 ($13K per year), we will need ACA insurance which is going to be more like $20K for 4 of us.

We plan on pulling out $120K from our retirement accounts, and $50K from our cash account, and increase it by 3% every year. We can do this for 10 years.  But, my spouse can start getting medicare in 3 years, and also start collecting social security and a small pension after 5 years.

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