View Poll Results: What is your expected or actual monthly retirement income from all sources?
|
4k or less
|
|
57 |
16.38% |
5k
|
|
38 |
10.92% |
6k
|
|
36 |
10.34% |
7k
|
|
39 |
11.21% |
8k
|
|
39 |
11.21% |
9k
|
|
24 |
6.90% |
10k or more
|
|
115 |
33.05% |
|
|
Poll: monthly retirement income
03-29-2017, 10:47 AM
|
#1
|
Recycles dryer sheets
Join Date: Feb 2017
Posts: 75
|
Poll: monthly retirement income
Having set a monthly income number for my retirement plans, I am curious where others on this forum stand ... both pre and post retirement. I realize that everyone's situation is different, but thought it would be interesting anyway.
|
|
|
|
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!
|
03-29-2017, 11:13 AM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
|
A married couple each with their own SS income can get together up to $7,000 a month from SS alone.
|
|
|
03-29-2017, 11:29 AM
|
#3
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
|
Wow, after looking at the choices, now I'm feeling poor.
FIRECalc says I can spend more than my income, though I haven't done that so far.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
03-29-2017, 11:42 AM
|
#4
|
Recycles dryer sheets
Join Date: Jan 2012
Location: Colorado
Posts: 254
|
Quote:
Originally Posted by LOL!
A married couple each with their own SS income can get together up to $7,000 a month from SS alone.
|
I would think this is pretty rare. Even 5K per month is fairly high end for two.
__________________
Don't you know that dynamite always blows down ? --- Moe to Curly
|
|
|
03-29-2017, 11:54 AM
|
#5
|
Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,506
|
Although I did vote, it is probably more meaningful to say that we have benefited from a pair of high incomes and plan to start retirement spending right at 33% of our present income, with variable spending approach. On a net-of-tax basis, that will be more than we presently spend.
(And +1 to LOL!'s observation on what SS Law presently would provide for dual high-earners who delay to 70; if law doesn't change drastically, icing on cake.)
__________________
OMY * 3 2ish Done 7.28.17
|
|
|
03-29-2017, 12:09 PM
|
#6
|
Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,182
|
Quote:
Originally Posted by 2017ish
(And +1 to LOL!'s observation on what SS Law presently would provide for dual high-earners who delay to 70; if law doesn't change drastically, icing on cake.)
|
I was just updating our SS info yesterday and it says that we should be pulling in around $87K from SS in 2031 (when we both are taking it).
Needless to day, we haven't started picking out what we're going to spend that on yet.
It is a good fall back plan though.
|
|
|
03-29-2017, 12:35 PM
|
#7
|
Recycles dryer sheets
Join Date: Feb 2017
Posts: 75
|
I'm the poll starter. I am surprised at the somewhat uniform distribution, also I wish I'd put more choices above 10k to sort out the high rollers ...
|
|
|
03-29-2017, 12:47 PM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2014
Posts: 7,055
|
At 5400/month I am feeling poor here too. But a third of that goes away when I decide to stop working p.t.
|
|
|
03-29-2017, 12:56 PM
|
#9
|
Recycles dryer sheets
Join Date: Feb 2011
Posts: 141
|
I understand if you spouse dies than you could lose 1/2 of your SS income.
|
|
|
03-29-2017, 01:07 PM
|
#10
|
Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,346
|
It has been variable over the last 14 years I've been retired. The pension dropped by the expected amount of SS at age 62, but since I'd found an easy job I held off on SS until FRA and that increased SS by a goodly amount, and it'll go up again when DW hits her FRA. She'll take a heavy hit assuming I go first because the pension drops by 30% and of course my SS will stop too. No cat food for her though, she'll still be comfy.
__________________
When I was a kid I wanted to be older. This is not what I expected.
|
|
|
03-29-2017, 01:09 PM
|
#11
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2014
Posts: 7,055
|
We left our pensions to each other 100% and my working for a university that does not pay into SS so my piddly SS is not increasing. But on the plus side it will be no big deal to lose SS when one of us dies.
|
|
|
03-29-2017, 01:26 PM
|
#12
|
Recycles dryer sheets
Join Date: Feb 2013
Location: San Jose
Posts: 291
|
Dude it's pretty much all high rollers on this board.
https://www.aei.org/publication/u-s-...ll-that-a-win/
The U.S., with a median retiree income of $26,250, is third in the world and on par with Switzerland, Canada, and Austria.
If I don't Rothify I'll probably see both ends, one pre and the other post SS+RMDs.
|
|
|
03-29-2017, 01:42 PM
|
#13
|
Thinks s/he gets paid by the post
Join Date: Mar 2014
Location: Southern Cal
Posts: 4,032
|
Luxembourg is a tiny country according to the link above. USA probably has the largest population.
|
|
|
03-29-2017, 02:10 PM
|
#14
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2013
Posts: 9,358
|
Quote:
Originally Posted by arky
I would think this is pretty rare. Even 5K per month is fairly high end for two.
|
It partly depends where you live during your working years. It is probably not too rare in higher cost of living parts of the country.
__________________
Even clouds seem bright and breezy, 'Cause the livin' is free and easy, See the rat race in a new way, Like you're wakin' up to a new day (Dr. Tarr and Professor Fether lyrics, Alan Parsons Project, based on an EA Poe story)
|
|
|
03-29-2017, 02:11 PM
|
#15
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
|
2 days to RE but 2 young for SS. 8K
__________________
"The mountains are calling, and I must go." John Muir
|
|
|
03-29-2017, 02:48 PM
|
#16
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2009
Posts: 9,343
|
My Ipad doesnt show a poll with app. Or Im too dumb to know how to find it. I have about $6700 a month income coming in each month in retirement for a single guy. I dont even count my investment income as it just gets reinvested and never touched. I dont even come close to spending my pension income so there is no reason to even bother figuring what the investments would give to me each month. A simple life in a low COL area.
|
|
|
03-29-2017, 02:52 PM
|
#17
|
Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,342
|
Me too! I fall very easily into the <4K category (less than half of it, actually), reinforcing the belief that I am one of the paupers of this board. Thank you for tolerating my presence, y'all
However, I am rich of heart. I have a bicycle, 3 lovely kitties, a full set of teeth, and very low rent for the area. What more could a guy need?
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
|
|
|
03-29-2017, 03:03 PM
|
#18
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,941
|
Expected well over 10k, actual depends on how my investments are doing.
|
|
|
03-29-2017, 03:17 PM
|
#19
|
Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Ventura County
Posts: 1,433
|
Define Income. My regular predictable income from Pension + Interest + Dividends is less than $5K / month as is my typical spending, but my NW typically grows a lot more than this (and occasionally shrinks a lot more too) depending on market performance. Not sure how you would like to count this. Annual average return?
|
|
|
03-29-2017, 03:25 PM
|
#20
|
Recycles dryer sheets
Join Date: Mar 2017
Posts: 173
|
Quote:
Originally Posted by DrRoy
2 days to RE but 2 young for SS. 8K
|
Getting awful close to quitting time, doctor. Exciting! Where will you live in retirement? Asked because I know just about every square mile of Michigan, and there are some mighty fine retirement options there.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|