MuirWannabe
Thinks s/he gets paid by the post
- Joined
- Oct 14, 2009
- Messages
- 2,115
Today I track my expenses very detailed using Quicken. But I'm at least 8 years away from FIRE and my expenses are probably nothing like what they will be when its just me and DW around. I'm looking for advice on how to best figure out a reasonably accurate prediction of post ER annual living expenses. What have others experienced? Everyone seems to have a number in mind and it certainly drives the FireCalc. What methods have you used. If you are already FIRE'd what have you experienced?
Some categories will obviously decrease:
Certainly my taxes will be different when my w*rk income disappears although I'm learning (thru this Forum) taxes will likely still exist on SS benefits and 401K withdrawals.
Some categories will obviously disappear:
Such as college expenses.
Some categories appear to stay the same:
Such as auto services, home repair expenses, utilities. Medical will likely even rise over the years.
I apologize if this has been asked hundreds of times. I tried searching in the forum archives but did not find anything directly on this. It may exist but I'm still leanring my way around.
Some categories will obviously decrease:
Certainly my taxes will be different when my w*rk income disappears although I'm learning (thru this Forum) taxes will likely still exist on SS benefits and 401K withdrawals.
Some categories will obviously disappear:
Such as college expenses.
Some categories appear to stay the same:
Such as auto services, home repair expenses, utilities. Medical will likely even rise over the years.
I apologize if this has been asked hundreds of times. I tried searching in the forum archives but did not find anything directly on this. It may exist but I'm still leanring my way around.