Join Early Retirement Today
View Poll Results: How much do you spend each year?
Less than $25k 15 5.51%
Between $25k and $50k 87 31.99%
Between $50k and $75k 64 23.53%
Between $75k and $100k 47 17.28%
More than $100k 59 21.69%
Voters: 272. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Old 11-20-2012, 03:01 PM   #41
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Rumors about the basement in Missoula are false. FALSE! do you hear me!

12 to 89k/yr. From the LA swamp to post Katrina St Joe MO to dating a hot 65 year old chick in KCK.

Jan 1993 to present. Spending varies all over depending on where the party is.

heh heh heh -
__________________

__________________
unclemick is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-20-2012, 03:07 PM   #42
Full time employment: Posting here.
ESRwannabe's Avatar
 
Join Date: Mar 2010
Posts: 630
I'm not retired.

Age = 36.

Income from w-2 & investments = roughly $80k per year.

Living expenses = roughly $24k per year, almost half of that is for rent.

About half of my investments are in retirement accounts. For my taxable accounts, I still have a good amount of carryover losses from tax loss harvesting.
__________________

__________________
ESRwannabe is offline   Reply With Quote
Old 11-20-2012, 03:18 PM   #43
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,976
I voted, but I entered an amount that is not at all what we actually spend. Does that help?
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Old 11-20-2012, 03:59 PM   #44
Thinks s/he gets paid by the post
heeyy_joe's Avatar
 
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
I have worked out our retirement budget for 2014 (no debts!) to be $60000. Of that figure $15,000. is a set aside for health care premiums, advantage plans, deductibles, co-pays, and out of pocket. The budget is $45k fixed expenses and $15k variable expenses. Things like travel and entertainment and oop medical fall into the variable category- so does our Christmas budget.
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
heeyy_joe is offline   Reply With Quote
Old 11-20-2012, 04:04 PM   #45
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,423
Quote:
Originally Posted by Midpack View Post
I voted, but I entered an amount that is not at all what we actually spend. Does that help?
If it did, then it would help even more if you voted more than once. The more the merrier, oui?

Has anybody figured out how to do that? Making up another account takes way too much work, if a voter gets no compensation for it.
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is offline   Reply With Quote
Old 11-20-2012, 04:12 PM   #46
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,113
Quote:
Originally Posted by NW-Bound View Post
Making up another account takes way too much work, if a voter gets no compensation for it.
Not to mention it is a no-no unless you get advanced approval:
Quote:
Participants may only have one account unless moderator permission for multiple accounts is granted. Moderators may consolidate or delete multiple accounts if permission is not obtained.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 11-20-2012, 04:15 PM   #47
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,423
I know. There are reasons for it, which everybody knows.

What I did not know was that multiple accounts are even available with permission. Who do I befriend to get that?

PS. Nah! Why would I want to get multiple accounts? To cast multiple votes in polls like this?
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is offline   Reply With Quote
Old 11-20-2012, 04:19 PM   #48
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,113
Quote:
Originally Posted by NW-Bound View Post
Who do I befriend to get that?
My guess is you'd have to have some highly unusual justification to get the OK - something along the lines of being placed into the witness protection program...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 11-20-2012, 04:21 PM   #49
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,423
Unusual justification? Something like having a split or multiple personality?
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is offline   Reply With Quote
Old 11-20-2012, 04:23 PM   #50
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,113
Quote:
Originally Posted by NW-Bound View Post
Unusual justification? Something like having a split or multiple personality?
I said "witness", not "witless" protection program...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 11-20-2012, 04:36 PM   #51
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,423
Apparently people like to post here enough to desire multiple accounts. If I were the site owner, I would "monetize" this as follows. The first account is free. The 2nd account would cost something like $100/yr. The 3rd one, $1000/yr. The 4th one, $10K/yr.

Some people get to post, I get the money. Everybody is happy. Seems fair, no?
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is offline   Reply With Quote
Old 11-20-2012, 05:09 PM   #52
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,282
Quote:
Originally Posted by Midpack View Post
I voted, but I entered an amount that is not at all what we actually spend. Does that help?


I was thinking about that as well. Especially since it applies to singles and couples. Some retirees are single, many are married, and some have kids in the house. I guess it's OK to be curious, but it makes me curious as to why anyone would be interested in such numbers.

Maybe I'll start a poll - flip a coin, was it heads or tails? And yes, we will need a category for 'landed on it's edge', 'rolled under the fridge', 'I don't have a coin, I use rewards credit cards for everything', 'I used my last penny to pay off the mortgage', etc...

-ERD50
__________________
ERD50 is online now   Reply With Quote
Old 11-20-2012, 05:44 PM   #53
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
I have answered although I am not retired yet.
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 11-20-2012, 08:48 PM   #54
Thinks s/he gets paid by the post
 
Join Date: Oct 2006
Posts: 3,820
Quote:
Originally Posted by JustCurious View Post
This is a straw man argument... I do not expect to retire on someone else's budget, and that is not the purpose of this poll.

Perhaps this poll is meaningless to you, but it is meant to gather the same information as the Consumer Expenditure Survey that is conducted by the federal bureau of labor statistics each year to determine the total expenditures by households in the U.S. ....

Consumer Expenditure Survey

Perhaps the federal government engages in a useless exercise each year, and to that extent, this poll may be equally useless.
Not sure why you are trying to duplicate the BLS data.
Maybe you want to know if posters here are "typical" retirees?
Maybe you didn't drill down to see that the BLS has tables that give data for narrower slices of the population?

ftp://ftp.bls.gov/pub/special.reques...byage/atwo.TXT
ftp://ftp.bls.gov/pub/special.reques...byage/aone.TXT
__________________
Independent is online now   Reply With Quote
Old 11-20-2012, 09:12 PM   #55
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Location: North of Montana
Posts: 2,753
OK, I'll satify the OP's curiosity.

My numbers are meaningless. I've been RE for 5 years. In our biggest spending year it was > $500K. That included about $250K in income tax (sold a bunch of MS stock options) and gave a bundle to the kids. Our most frugal year was around $50K (no vacations, no home repairs, no CG tax liability, no new cars, no nothing).

MMV(aried) YM(ay)2
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Old 11-20-2012, 09:19 PM   #56
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by JustCurious View Post
For those of you who are retired, how much do you spend each year? Whether you are single or married, what is your total household spending for the year? You don't have to give a breakdown of every dollar spent, just the total. I am trying to predict some of the questions... before they are asked... yes, please include all spending, in all categories, including income taxes, healthcare, everything.
Hopefully you've searched enough of the keywords in your question to find some other threads to help supply some answers.

For example, this one:
(FAQ archive) "How much is enough?"

... and these:
How much did you spend in 2010?
How much do you live on in retirement?

Do you want a simple answer? Over the last decade, most of the responses have been in a narrow range around $25K/year and $50K/year. But it's a double-humped bell curve with fat tails.

And, of course, you long-time posters will enjoy this classic from the deep-freeze archives:
$50 a day? No way!
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 11-20-2012, 09:39 PM   #57
Full time employment: Posting here.
 
Join Date: Mar 2012
Location: seattle
Posts: 643
I say we change the poll to: "How much horsepower do you really need?" Then we can begin to argue about Torque vs. Horsepower.
__________________
bld999 is offline   Reply With Quote
Old 11-20-2012, 10:00 PM   #58
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Location: North of Montana
Posts: 2,753
Quote:
Originally Posted by bld999 View Post
I say we change the poll to: "How much horsepower do you really need?" Then we can begin to argue about Torque vs. Horsepower.
I'm a torque kinda guy.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Old 11-20-2012, 10:32 PM   #59
Thinks s/he gets paid by the post
Rambler's Avatar
 
Join Date: Jul 2007
Posts: 2,250
Not retired yet...gimme 33 more days!

Budget is north of 100k for next year...way north. Taxes will be a big, very big part of that.

R
__________________
Find Joy in the Journey...
Rambler is offline   Reply With Quote
Old 11-21-2012, 07:43 AM   #60
Thinks s/he gets paid by the post
DFW_M5's Avatar
 
Join Date: Sep 2003
Posts: 4,982
I wish it was possible to live within some of the lower thresholds on the survey, but when your property tax, out of pocket healthcare costs, homeowners/car insurance exceeds what some are living on annually, there is much room for improvement with respect to frugality
__________________

__________________
DFW_M5 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
29 year old hoping for ER Good_Life Hi, I am... 21 01-23-2017 07:33 PM
Poll REVISED: How many times do you eat out per week? Midpack Health and Early Retirement 27 06-26-2012 05:56 PM
Fire Calculator 40 year observation Trawler FIRE and Money 12 03-15-2012 12:57 PM
Big day (update to 2 year old thread) Earl E Retyre Hi, I am... 2 01-24-2012 10:07 PM
Non-Recuring Recuring expenses Rustic23 FIRE and Money 18 07-04-2011 02:32 PM

 

 
All times are GMT -6. The time now is 11:59 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.