I know the answers will change dramatically based on lifestyles, health insurance, mortage, etc, however the biggest struggle for me as I get closer to "the number" is how much I'll actually spend each year. 51 year old, sold a business, have invested the proceeds of that sale and have no personal debt.
Investable assets are split between taxable and no taxed and would throw off $80K/yr at 4%SWR. I've budgeted $12K a year for the higher deductable health plan that I currently am paying $8K/year for. I have an interest in some commercial buildings and land that will provide cash if and when I decide to sell them. I've talked to contemporaries that pull anywhere from $40K/yr to $150K a year from their portfolios. I guess none of this information really has an effect on spending, other than to say I'm curious what people actually live on... health care and SS aside.
Thanks !
Investable assets are split between taxable and no taxed and would throw off $80K/yr at 4%SWR. I've budgeted $12K a year for the higher deductable health plan that I currently am paying $8K/year for. I have an interest in some commercial buildings and land that will provide cash if and when I decide to sell them. I've talked to contemporaries that pull anywhere from $40K/yr to $150K a year from their portfolios. I guess none of this information really has an effect on spending, other than to say I'm curious what people actually live on... health care and SS aside.
Thanks !