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View Poll Results: % of pre-retirement income you live on.
< 10% 0 0%
11%-20% 5 6.58%
21%-30% 13 17.11%
31%-40% 9 11.84%
41%-50% 11 14.47%
51%-60% 11 14.47%
61%-70% 7 9.21%
71%-80% 3 3.95%
81%-90% 1 1.32%
91%-100% 5 6.58%
>100% 11 14.47%
Voters: 76. You may not vote on this poll

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Old 12-02-2010, 11:17 AM   #21
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Originally Posted by kumquat View Post
We appear to be among the few who are spending more than we earned while working. Why:
1) We spend a lot on travel, travel takes time, work absorbs the "travel time".
2) We've given some to the kids as an "early inheritance", mostly free education and down payments on houses.
3) We can afford it, so why not (SWR ~=3%). 4% of our investments is about 40% more than my best year's earnings (if you only count salary and bonus, not options).
We are also spending more in retirement, but that is less than 50% of our pre-retirement income.

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Old 12-02-2010, 03:10 PM   #22
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First 2 years of retirement, 'income' was 1/3 of last w*rking year; and I wasn't spending all of that.
I have slowly started spending/giving away more.

"Knowin' no one nowhere's gonna miss us when we're gone..."
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Old 12-02-2010, 03:56 PM   #23
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Tough question for me to answer because I took voluntary pay reductions twice in my last 8 years of working, first from F/T to 20 hours per week, then from 20 down to 12 hours per week.

I based my answer to the poll on my last pre-retirement income (@12 hours per week) which was 61%-70%.
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
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Old 12-02-2010, 06:59 PM   #24
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Still working PT, so cannot vote. But even without PT income, it's tough for me to answer. In the past 10 years, our earned income has been erratic. It varied over a range of nearly 4 to 1!
"Old age is the most unexpected of all things that can happen to a man" -- Leo Tolstoy
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Old 12-02-2010, 09:18 PM   #25
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Well, I selected >100%, but that's qualified. After the children were out of college and on their own, we "lived" on 25-30% of our earnings. We still live on about the same dollar amount. I don't know that my answer is really what you were asking. I could have said that we live on about 25-30% of what our pre-RE earnings were and that would be correct...and probably what you were asking.
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Old 12-03-2010, 02:39 AM   #26
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I would be happy to live on much less (eg. 20% of what I am making now) when retired.

Originally Posted by W2R View Post
You probably thought of this, but in case you didn't - - -don't forget that many on this board are saving unusually large percentages of their work income, and living on a very small percentage of it while working.

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.
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