Larry Ferstenou on why some spend far less in retirement than 70% of their current expenses, yet others can't even stay below 100%...
In reality, probably not. However, i know before i pull the trigger, i'm going to leave some hedging room. If i think i can live off, say, 50%, i'll have enough for 70%. The only way one could know absolutely for sure what their after-retirement costs will be would be to actually live that way for a while. I guess a planner could estimate it, but its bound to be off some.
I'm in a very niche specific job, and i probably couldnt get my job back, especially if i was old. So i'll have to hedge some.