Retirees - Retirement Income and Lifestyle - Page 2

**Want2retire** · 07-05-2007, 02:54 PM

I will retire in 2-3 years with a paid off house.

When I retire, I will be living on 30% of my current gross income.

For the past four years I have lived on 20% of my current gross income. For comparison purposes, that 20% does not include money that I put towards principal and interest on my house during these four years. However it does include such things as house maintenance and upgrades, property tax, and insurance.

(Neither of those was adjust to a "pre-tax" amount. If they were, they'd be about 43% and 30%.)

Yes, I plan to have MORE to spend in retirement than I have for the past four years. I am doing some major, temporary belt-tightening as I approach "ER Day" in about 2-3 more years.

I didn't vote since I am not retired yet.

Helena · 07-09-2007, 02:45 PM

30% more or less

No house payment

No car payment

No medical/dental/life
insurance premiums

Less eating out

No saving over 60% of
my income for retirement.

View Poll Results: Select the % that is closest to your situation
>110%	3	4.62%
100%	8	12.31%
90%	2	3.08%
80%	4	6.15%
70%	5	7.69%
60%	7	10.77%
50%	9	13.85%
40%	15	23.08%
30%	7	10.77%
20%	4	6.15%
10%	1	1.54%
Voters: 65. You may not vote on this poll

07-05-2007, 02:54 PM	#21
Want2retire Moderator Join Date: Jan 2007 Location: New Orleans Posts: 6,093	I will retire in 2-3 years with a paid off house. When I retire, I will be living on 30% of my current gross income. For the past four years I have lived on 20% of my current gross income. For comparison purposes, that 20% does not include money that I put towards principal and interest on my house during these four years. However it does include such things as house maintenance and upgrades, property tax, and insurance. (Neither of those was adjust to a "pre-tax" amount. If they were, they'd be about 43% and 30%.) Yes, I plan to have MORE to spend in retirement than I have for the past four years. I am doing some major, temporary belt-tightening as I approach "ER Day" in about 2-3 more years. I didn't vote since I am not retired yet. __________________ Dreaming of retirement.... " - - my greatest skill has been to want but little - - " (Henry David Thoreau, in Walden)

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07-09-2007, 02:45 PM	#22
Helena Recycles dryer sheets Join Date: Aug 2006 Posts: 410	30% more or less No house payment No car payment No medical/dental/life insurance premiums Less eating out No saving over 60% of my income for retirement.

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