kenpoed
Dryer sheet wannabe
- Joined
- May 13, 2012
- Messages
- 19
I would like to retire at 60, maybe earlier and use Firecalc to assume a lifespan of 90 (just to be safe), but I have to believe one spends far less in years after say, 70, or 75 than they plan to use.
If I were to plan for $100k income annually in retirement, my guess is in todays dollars I am very likely to spend far less in later years as my desire (or ability) to travel and eat out (for example) declines with age.
Is anyone IN retirement that can speak to the REALITY of their withdrawal rates in later years? Has your spending decreased, therefore needing less annually to be comfortable?
If I were to plan for $100k income annually in retirement, my guess is in todays dollars I am very likely to spend far less in later years as my desire (or ability) to travel and eat out (for example) declines with age.
Is anyone IN retirement that can speak to the REALITY of their withdrawal rates in later years? Has your spending decreased, therefore needing less annually to be comfortable?