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View Poll Results: What is, or was, your desired monthly income during retirement? (see text of post)
less than 3000 22 6.96%
3000 - 3999 17 5.38%
4000 - 4999 31 9.81%
5000 - 5999 33 10.44%
6000 - 6999 41 12.97%
7000 - 7999 26 8.23%
8000 - 8999 40 12.66%
9000 - 9999 14 4.43%
10000 - 10999 36 11.39%
11000 - 11999 4 1.27%
12000 - 12999 9 2.85%
13000 - 13999 4 1.27%
14000 - 15999 11 3.48%
16000 - 17999 6 1.90%
18000 - 19999 1 0.32%
more that 20000 21 6.65%
Voters: 316. You may not vote on this poll

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Old 11-14-2017, 06:07 PM   #21
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First post here, Great site! 3k to 4k for me, I try and live fairly simple.
Hi Zack59, and welcome to the Early Retirement Forum! Feel free to start a thread on the "Hi, I am.." subforum when you are ready, and maybe tell us a little about yourself if you feel comfortable doing that. Glad you like it here.
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Old 11-14-2017, 06:08 PM   #22
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It's all relative.

I have a pretty high monthly number, but the monthly expenses are high as well. $33K in annual property taxes and insurance. Of course it is only estimated cash flows until 2027, and doesn't take into account inflation.

Not surprisingly I have a net annual number left over after major fixed expenses, and a generous discretionary spending.
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Old 11-14-2017, 06:19 PM   #23
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I am really not sure what people hope to learn from a poll like this? Other than there is a wide distribution of incomes, just like everywhere else? Nonetheless, looks like the top choice is too low given the distribution so far.
It's just interesting to learn the characteristics of this very special population. NOT representative of the nation as a whole! Anyway if you don't like it no need to vote or look.
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Old 11-14-2017, 06:43 PM   #24
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It's just interesting to learn the characteristics of this very special population. NOT representative of the nation as a whole! Anyway if you don't like it no need to vote or look.
The only thing that I can discern so far is wide variation. The question was imprecise, as are the narrative responses. The poll cannot represent “the nation as a whole” since this is the Internet, and there be furriners about!
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Old 11-14-2017, 07:23 PM   #25
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5-6k - but that is for a family of four. So per person it's <1500 per person.... But we all know there is economy of scale... 4 live together cheaper, than they would separately... But then again 2 of the 4 are teenage boys - so our grocery bills are horrendous.

I guess all this is to show that the data, in the form you asked it, is kind of useless.

I suspect if it were just DH and me we'd be comfortable with $4k/month... and that would allow for lots of travel.
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Old 11-14-2017, 08:34 PM   #26
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Taxes are so much part of my life, it's hard to wrap my head around net of taxes.
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Old 11-14-2017, 08:37 PM   #27
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5-6k - but that is for a family of four. So per person it's <1500 per person.... But we all know there is economy of scale... 4 live together cheaper, than they would separately... But then again 2 of the 4 are teenage boys - so our grocery bills are horrendous.

I guess all this is to show that the data, in the form you asked it, is kind of useless.

I suspect if it were just DH and me we'd be comfortable with $4k/month... and that would allow for lots of travel.
kind of useless ... I suppose it is, but it's very hard to construct a scientifically useful poll on the forum. I still think it sheds a bit of (imperfect) light on our collective attributes. What is very interesting is the broad range of numbers. I thought they would skew higher after reading various member introduction posts. But, there may be a higher percentage of "passive aggressive" boasters ...
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Old 11-14-2017, 08:44 PM   #28
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That could be true but I think not. From what I've seen here we have a pretty even distribution to the halfway tic and a big tic at the top. I've seen this profile here many times.

We do have some high end folks and that's a good thing.
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Old 11-14-2017, 08:48 PM   #29
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I thought they would skew higher after reading various member introduction posts.
Looks like the median is roughly around $7,000/month or so. I guess that is about what I expected.

I always bear in mind that this is the internet, and a few people may exaggerate a little bit sometimes.
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Old 11-14-2017, 09:15 PM   #30
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$7k, call it 85k/yr pretax or $100k/yr after tax @ $2.8mil at 3.5% SWR.

This I assume is for a couple? A lower cola area could easily set fixed expenses to $2k/mo and have $5k for Travel and dining out.

It’s hard to compare budget now to what a retirement budget would look like. So many things I don’t have time for so they get hired done. On the other hand so many things I want to do that I don’t have time for or don’t want to spend the money on during this phase of life.

When I last lived alone, I enjoyed my $3800/mo (adjusted for inflation to 2017 dollars) life.
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Old 11-14-2017, 10:20 PM   #31
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This I assume is for a couple?
The OP clearly stated that it was for a household.

One useful thing I learnt while a student was to read the question very carefully.
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Old 11-14-2017, 10:56 PM   #32
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That was one thing I done learnt too! I still get reminded ever so often.
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Old 11-15-2017, 05:45 AM   #33
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One useful thing I learnt while a student was to read the question very carefully.
Even the poll title says “see text of post”, but it is only human nature to not read instructions.

My wife assures me that I am the world’s worst at not reading a manual or instructions.
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Old 11-15-2017, 09:19 AM   #34
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$5K per month is more than enough. I'm surprised (just a little) that more than 50% of responses are higher.
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Old 11-15-2017, 09:28 AM   #35
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First post here, Great site! 3k to 4k for me, I try and live fairly simple.
welcome!
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Old 11-15-2017, 09:29 AM   #36
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$5K per month is more than enough. I'm surprised (just a little) that more than 50% of responses are higher.
depends - mortgage and real estate taxes can be close to $5K a month easy
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Old 11-15-2017, 09:31 AM   #37
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$5K per month is more than enough. I'm surprised (just a little) that more than 50% of responses are higher.
Consider healthcare expenses (without subsidies) for two, and a decent travel budget, and you start getting up there.
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Old 11-15-2017, 09:33 AM   #38
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Consider healthcare expenses (without subsidies) for two, and a decent travel budget, and you start getting up there.
Unless you have healthcare provided without direct cost. Hence my question about imputed income.
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Old 11-15-2017, 09:33 AM   #39
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I am really not sure what people hope to learn from a poll like this? Other than there is a wide distribution of incomes, just like everywhere else? Nonetheless, looks like the top choice is too low given the distribution so far.
Agreed. I just don't get these sorts of polls.

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They were probably thinking, "desired monthly income? Oh yeah, that's going to be high...."
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...
One useful thing I learnt while a student was to read the question very carefully.
I did read the question carefully:

What is, or was, your desired monthly income during retirement?


So why wouldn't I desire > $20,000 per month? IMO, any other response lacks imagination!

The text of post conflicts with the poll question, but since the poll question is more directly tied to the poll (not an indirect reference), I chose to go with the poll question wording.

-ERD50
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Old 11-15-2017, 09:37 AM   #40
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Even the poll title says “see text of post”, but it is only human nature to not read instructions.



My wife assures me that I am the world’s worst at not reading a manual or instructions.


Pfffft.
Read the manual?
It's not on fire yet.
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