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Old 09-22-2015, 08:04 AM   #81
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I've always had income tax deducted from my salary while working, so I'm most used to planning for expenses in an after-tax world. Likewise, medical insurance is an employment benefit, so that isn't in my current budget except for co-pays and the like. In planning for ER expenses, I expect my ordinary expenses to remain more or less the same (not 70% or 80%, but pretty much identical) but I will have to account for paying income taxes and medical insurance instead of having them deducted before I see the money. So it will feel to me like expenses went up from what I'm used to while working.

On the other hand, as I'm saving more than 20% as I push toward ER, I will still be spending much less than my gross income. I suppose I could figure out what percentage I'm spending from that gross salary number, but it's pretty much meaningless to me as that's not how I budget or think of expenses.

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Old 09-22-2015, 08:16 AM   #82
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I'll wait for the second installment...

Swing hard, look up
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Old 09-22-2015, 08:21 AM   #83
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For us, perhaps 30%...or less.

A indicator of how high our incomes were, and how little we have to spend to be in our "happy place".
Retired at 42... the world is my oyster, and I am now in the process of shucking the hell out of it.
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Old 09-22-2015, 09:55 AM   #84
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for us it was 75% pre-retirement w/mtg. and is 60% in retirement - no mtg. and same standard of living adding HC costs
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Old 09-24-2015, 11:24 AM   #85
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