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View Poll Results: What is, or was, your desired monthly income during retirement? (see text of post)
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less than 3000
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22 |
6.96% |
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3000 - 3999
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17 |
5.38% |
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4000 - 4999
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31 |
9.81% |
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5000 - 5999
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33 |
10.44% |
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6000 - 6999
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41 |
12.97% |
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7000 - 7999
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26 |
8.23% |
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8000 - 8999
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40 |
12.66% |
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9000 - 9999
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14 |
4.43% |
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10000 - 10999
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36 |
11.39% |
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11000 - 11999
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4 |
1.27% |
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12000 - 12999
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9 |
2.85% |
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13000 - 13999
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4 |
1.27% |
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14000 - 15999
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11 |
3.48% |
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16000 - 17999
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6 |
1.90% |
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18000 - 19999
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1 |
0.32% |
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more that 20000
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21 |
6.65% |
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11-14-2017, 05:07 PM
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#21
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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 Quote:
Originally Posted by zack59
First post here, Great site! 3k to 4k for me, I try and live fairly simple.
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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. 
__________________
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!
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11-14-2017, 05:08 PM
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#22
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gone traveling
Join Date: Dec 2016
Posts: 733
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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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11-14-2017, 05:19 PM
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#23
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Recycles dryer sheets
Join Date: Feb 2017
Posts: 75
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Quote:
Originally Posted by Danmar
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.
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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.
__________________
Diagonally parked in a parallel universe ...
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11-14-2017, 05:43 PM
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#24
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by JeffInSeattle
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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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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11-14-2017, 06:23 PM
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#25
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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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.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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11-14-2017, 07:34 PM
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#26
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Moderator
Join Date: Jul 2017
Posts: 5,776
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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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11-14-2017, 07:37 PM
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#27
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Recycles dryer sheets
Join Date: Feb 2017
Posts: 75
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Quote:
Originally Posted by rodi
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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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 ... 
__________________
Diagonally parked in a parallel universe ...
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11-14-2017, 07:44 PM
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#28
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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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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11-14-2017, 07:48 PM
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#29
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by JeffInSeattle
I thought they would skew higher after reading various member introduction posts.
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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.
__________________
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!
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11-14-2017, 08:15 PM
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#30
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Full time employment: Posting here.
Join Date: Jun 2017
Posts: 504
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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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11-14-2017, 09:20 PM
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#31
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by pj.mask
This I assume is for a couple?
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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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11-14-2017, 09:56 PM
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#32
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Recycles dryer sheets
Join Date: Mar 2011
Posts: 220
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That was one thing I done learnt too! I still get reminded ever so often.
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11-15-2017, 04:45 AM
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#33
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,130
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Quote:
Originally Posted by Meadbh
One useful thing I learnt while a student was to read the question very carefully.
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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.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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11-15-2017, 08:19 AM
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#34
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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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.
__________________
May we live in peace and harmony and be free from all human sufferings.
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11-15-2017, 08:28 AM
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#35
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by zack59
First post here, Great site! 3k to 4k for me, I try and live fairly simple.
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welcome!
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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11-15-2017, 08:29 AM
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#36
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by Spanky
$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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depends - mortgage and real estate taxes can be close to $5K a month easy
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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11-15-2017, 08:31 AM
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#37
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Full time employment: Posting here.
Join Date: May 2015
Location: Atlanta suburbs
Posts: 633
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Quote:
Originally Posted by Spanky
$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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Consider healthcare expenses (without subsidies) for two, and a decent travel budget, and you start getting up there.
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11-15-2017, 08:33 AM
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#38
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Posts: 11,702
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Quote:
Originally Posted by DEC-1982
Consider healthcare expenses (without subsidies) for two, and a decent travel budget, and you start getting up there.
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Unless you have healthcare provided without direct cost. Hence my question about imputed income.
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11-15-2017, 08:33 AM
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#39
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 26,896
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Quote:
Originally Posted by Danmar
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.
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Agreed. I just don't get these sorts of polls.
Quote:
Originally Posted by W2R
They were probably thinking, " desired monthly income? Oh yeah, that's going to be high...."  |
Quote:
Originally Posted by Meadbh
...
One useful thing I learnt while a student was to read the question very carefully.
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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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11-15-2017, 08:37 AM
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#40
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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Quote:
Originally Posted by Alan
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.
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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