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Reply to "How much annual budget do you need to feel comfortable in retirement?"
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[quote=Anonymous]We've been retired for almost ten years and as crazy as it sounds I'm not sure how much we spend! All I know is that it is a lot because we have two debt free homes with a combined value of $10M so upkeep, taxes and insurance are all high. We just completed our 2024 taxes and our non investment income which includes pensions, social security, required retirement distributions and a required distribution from a charitable remainder unitrust totals about $650k. It's likely our spending is less than that but that doesn't include our income taxes which are even more than that. We were aggressive savers for many years and we invested wisely and it's really paid off. Yes, we are very lucky![/quote]
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