AboutThere
Recycles dryer sheets
- Joined
- Mar 31, 2016
- Messages
- 100
I don't think you numbers are too far different than the Consumer Expenditure Survey, if you factor lower expenses such as a mortgage free home, live in a low cost of living area and do not have medical significant out of pocket medical expenses:
http://www.bls.gov/cex/22015/midyear/age.pdf
I actually do not have any problem spending over $40K a year in the Bay Area. But even in a higher COL area the CES was a good wake up call for us that we had been over-paying for many goods and services and could live well for a lot less than we had been spending.
One expense some of us have to plan for and include in our budgets is income tax on RMDs.
That's absolutely fascinating. I'm over on car insurance and property taxes and way, way under (like $9,000/year under) on medical-related costs, among other findings.