Originally Posted by Rothman
cathy63 congrats on your accomplishment, as others have said your numbers look golden. You don't give back ground on what established your $100k withdraw rate, so the usual concerns on tracking real spending and covering health care and other expenses that may be different in retirement than now apply.
Enjoy your retirement, you've earned it.
Thank you. The $100K is largely a WAG at this point (I have a ton of Quicken data, but way too much of it is categorized as Misc or Uncategorized).
My number includes
- actuals for housing costs, various utilities and non-health insurance
- health insurance estimated from the marketplace assuming no subsidy
- a guess at amortized expenses for new cars and other big-ticket items like appliances
- income tax estimates based on last year's taxable investment income since we won't be touching our tax deferred accounts for quite a while
- estimates for groceries, eating out, entertainment, charity, clothing, gifts
- planned travel
My big project for this year is to keep refining that number and come up with a real budget. We've always lived without one because we were spending way less than we were earning, but now I need to know where the money is going.