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View Poll Results: Retirement Income as a percentage of working income
less than 80% 85 72.65%
80% to 90% 7 5.98%
90% to 100% 13 11.11%
100% to 110% 3 2.56%
110% to 120% 3 2.56%
Over 120% 6 5.13%
Voters: 117. You may not vote on this poll

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Old 03-31-2017, 01:03 PM   #41
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My wages while w@rking were stagnant so I had the same net income for the last 3 years of w@rk.
My current income streams are 89% of my take home w@rking income.
Some months I spend it all and some months I save a bunch.
Life is good.
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Old 03-31-2017, 02:33 PM   #42
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Quote:
Originally Posted by Just_Steve View Post
My wages while w@rking were stagnant so I had the same net income for the last 3 years of w@rk.
My current income streams are 89% of my take home w@rking income.
Some months I spend it all and some months I save a bunch.
Life is good.
I like your take on this: 89% of your w*rking take home pay. Because of a combination of high taxes, savings, and the cost of benefits my after tax take home pay while still w@rking is 57% of gross.
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Old 03-31-2017, 04:05 PM   #43
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Retirement as a percentage of working income? Easy - it's 40%. We retired two years ago, so the numbers are fresh. No more Social Security, effective federal tax rate is about 10%, no more maxing out the retirement plans, no more parking and tolls, no more buying lunch, etc. Life is grand.
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Old 03-31-2017, 04:07 PM   #44
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Originally Posted by mountainsoft View Post
We're planning for 60-70% of our pre-retirement income after retirement. Essentially the same life style we are living now. We could still reduce our spending a bit if it really came to that.
Not retired yet, but our plan is similar at about 60% at age 62. We're sinking a lot of money right now into college tuition, commuting, and parking for work. My commute is costing me 7-8% of my gross income.

I'm very comfortable with that 60%, but we're working on how not to stay in the rat race until 62.
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Old 03-31-2017, 04:17 PM   #45
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I used the percentage of income in the last 5 years, before retirement. Not include money in investment accounts that we don't plan to touch. Who cares what they are earning or growing. They don't count yet. The numbers could be off if you retired for a while. But we just retired last year.
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Old 03-31-2017, 06:55 PM   #46
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Keep in mind that the "biblical source" of these 80%(+) figures come from the FA community. It is their vested interest to have folks earning $$ long past the actual need to do so. Your real need is, as most here know, related to your spending as you near retirement. Some adjustments might be less taxes and commuting but higher health care and vacation, etc. For most folks, the 80% figure is hogwash.
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Old 04-01-2017, 11:34 AM   #47
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Our "income" consists of DW's pension and a withdrawal from my investments. for 2017, this is 34% of our pre-retirement gross salaries. In 10 years, CPP/OAS will boost this to 44%.

But since we are now in a much lower income tax bracket, pay no payroll taxes, no longer have employment expenses, mortgage done, and no need to save for retirement, our disposable income is 125% of what it was pre-retirement.

That will come in handy for travel, home improvements and hobbies.
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Old 04-02-2017, 09:34 AM   #48
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Originally Posted by Pilot2013 View Post
Too bad, I was looking forward to hearing what peoples REAL SPENDING has been as a % of income during their working time.
I agree, all of these current polls miss the mark. I guess the curiosity factor is what's driving them, not relevance.

Start your own.
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Old 04-02-2017, 12:00 PM   #49
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I thought that was how I responded to this poll. Somehow all the income from other sources seem to have clouded the poll.
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Old 04-02-2017, 12:54 PM   #50
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Income 40%
SWR 20% - 25%
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Old 04-02-2017, 01:00 PM   #51
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