Join Early Retirement Today
View Poll Results: What was, or is, your planning number for monthly after tax expenditures?
2000 - 2999 15 6.15%
3000 - 3999 21 8.61%
4000 - 4999 41 16.80%
5000 - 5999 40 16.39%
6000 - 6999 25 10.25%
7000 - 7999 27 11.07%
8000 - 8999 21 8.61%
9000 - 9999 9 3.69%
10,000 - 11,999 16 6.56%
12,000 - 13,999 13 5.33%
more than 14,000 16 6.56%
Voters: 244. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Old 05-05-2017, 05:03 PM   #21
Moderator
 
Join Date: May 2007
Posts: 12,845
Quote:
Originally Posted by REWahoo View Post
About what we spent while working. The money we no longer spend on work-related stuff is now spent on hobbies and travel.
+1. And the money we used to spend on the mortgage now goes to healthcare.
__________________
46 years old, single, no kids. Exited the job market in 2010 (age 36). Have lived solely off my investments since 2015 (age 41). No pensions.
Current AA: real estate 64% / equities 10% / fixed income 16% / cash 10%
FIREd is offline   Reply With Quote
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!

Old 05-05-2017, 05:05 PM   #22
Thinks s/he gets paid by the post
 
Join Date: Mar 2017
Location: New York City
Posts: 2,838
Quote:
Originally Posted by MissMolly View Post
10% responding spend more than $14,000 a MONTH? I am much more poorer than I realized!
same
__________________
Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
Blue Collar Guy is offline   Reply With Quote
Old 05-05-2017, 05:19 PM   #23
Thinks s/he gets paid by the post
 
Join Date: Mar 2017
Location: New York City
Posts: 2,838
here is my fly by the seat numbers, house expenses 22000 a year(tax 6200,utilities 7200.insurance 3000, water 2000, cable phone internet 2000) , car expenses 5000(insurance 2000, gas 1000 tolls, repairs 2000), the bride buys everything on our credit card clothes, food, cigarettes, house hold items) the last 3 years it averages 10000 year. i spend about 5000 , hair cuts . wash cars, lawn guy, sometimes i use cash at the grocery store for small purchase.so 55,000 a year/12, so 4583 a month. Wild cards are home repairs we have a new house , but life happens ,every year its a few thousand . i "budget " 20 k a year we dont spend it but its in the bank in case. And my dog, he gets sick, its no holds barred . no budget, as previously posted he is my baby, the skys the limit. so 5k a month with out the tax bill. Fire calc says we can spend 10886 a month (i deducted the approx taxes) without soc sec, for a 100 % success , 50 years. i never include soc sec, if we dont get beat out of it , then its more.
__________________
Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
Blue Collar Guy is offline   Reply With Quote
Old 05-05-2017, 05:21 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 29,882
Quote:
Originally Posted by JeffInSeattle View Post
When you were planning for early retirement (retirees), or are actively planning now (still slaving away), what was (is) your all-in average expected monthly spending? That's obviously a key number in planning. Note, this is not what you are actually spending, but rather the number you used in plannning...
I thought what one actually spends would be more important than what one planned.

Since retiring 5 years ago, I have been spending as much as 40% more than what I thought I would. It is still below what I could spend according to FIRECalc, but I like to see my stash grow too. Thanks to the rising market I still have more than when I started, but boy, I kept getting hit by "non-recurrent" costs on housing items. This year, maybe it will settle down to a longer-term baseline. Fingers crossed (had a quote of $22K to redo the tile roof, but I decided to postpone it).

Anyway, I spent even more in the years just prior to retirement. Children in college, that's why. Hence, I thought I would be spending much less after they flew the coop.
__________________
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
NW-Bound is online now   Reply With Quote
Old 05-05-2017, 06:11 PM   #25
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 30,468
We spend way more now than when we were working. Back then we were too busy working to spend, and we were also saving and investing like crazy. Now we have plenty of time to spend.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 05-05-2017, 06:20 PM   #26
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 4,134
Quote:
Originally Posted by scrabbler1 View Post
You need to include a choice for less than $2,000 a month. Otherwise, I can't answer your poll.
Same here. Seems very odd there's an "over $14000" but not a "under $2000". There are a whole lot more people out there living on under $2000 than over $14000. I guess they are not on this site though or at least not in high numbers.
aaronc879 is offline   Reply With Quote
Old 05-05-2017, 06:55 PM   #27
Recycles dryer sheets
 
Join Date: Jan 2017
Location: Bay Area
Posts: 248
Still newer to retirement and spending about the same after tax vs. spending while working. Health insurance is higher, and utilities and entertainment expenses a little higher; food, clothing, car expenses, and other expenses a little less.
Nature Lover is offline   Reply With Quote
Old 05-05-2017, 07:00 PM   #28
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 45,263
Quote:
Originally Posted by MissMolly View Post
10% responding spend more than $14,000 a MONTH? I am much more poorer than I realized!
Ah, they probably HAVE to spend that much because of living somewhere like Manhattan, and paying something like $10K/month to rent a 10th floor walkup 250sf condo... OK, I have never lived there but I heard it's expensive.
__________________
Happily retired since 2009, at age 61.
W2R is online now   Reply With Quote
Old 05-05-2017, 07:19 PM   #29
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Location: St. Charles
Posts: 2,943
For the purposes of planning fire, we expected $7,500/month (1,000 of that was the increase in health care). After 1 year, we actually have spent $2,000 LESS, without trying at all to cut back.

So, actual spending is pretty much the same as pre-FIRE, even with the increase in health care.

Taxes are included in the numbers.
__________________
If your not living on the edge, you're taking up too much space.
Never slow down, never grow old!
CardsFan is online now   Reply With Quote
Old 05-05-2017, 08:29 PM   #30
Thinks s/he gets paid by the post
 
Join Date: Mar 2017
Location: New York City
Posts: 2,838
Quote:
Originally Posted by W2R View Post
Ah, they probably HAVE to spend that much because of living somewhere like Manhattan, and paying something like $10K/month to rent a 10th floor walkup 250sf condo... OK, I have never lived there but I heard it's expensive.
A one-bedroom, two-bath condo with custom-designed cabinets and vanity on the sixth floor of an elevator building with a terrace, private storage and an exercise room at 122 Greenwich Avenue (between Eighth and West 13th).12 E 80th St # 1,
New York, NY 10075
$10,000/month. I think it was 1149 sq feet hahahaha 12 E 80th St # 1,
New York, NY 10075
7 beds 9.5 baths 8,065 sqft

FOR RENT
$60,000 /mo
you saw it correctly 60 THOUSAND a month. Im not on that block hahahah 45000 New Yorkers make 1 MILLION a year or more.This is why 1 Million People Have Ditched New York Since 2010. i plan on making it 1,000,002
__________________
Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
Blue Collar Guy is offline   Reply With Quote
Old 05-05-2017, 08:49 PM   #31
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 45,263
Quote:
Originally Posted by Blue Collar Guy View Post
A one-bedroom, two-bath condo with custom-designed cabinets and vanity on the sixth floor of an elevator building with a terrace, private storage and an exercise room at 122 Greenwich Avenue (between Eighth and West 13th).12 E 80th St # 1,
New York, NY 10075
$10,000/month. I think it was 1149 sq feet hahahaha 12 E 80th St # 1,
New York, NY 10075
7 beds 9.5 baths 8,065 sqft

FOR RENT
$60,000 /mo
you saw it correctly 60 THOUSAND a month. Im not on that block hahahah 45000 New Yorkers make 1 MILLION a year or more.This is why 1 Million People Have Ditched New York Since 2010. i[;an on making it 1,000,002
Now that's EXPENSIVE!
__________________
Happily retired since 2009, at age 61.
W2R is online now   Reply With Quote
Old 05-05-2017, 09:51 PM   #32
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 4,409
I imagine some are answering per individual, and some per household? These polls (or the results) always confuse me...
tmm99 is online now   Reply With Quote
Old 05-05-2017, 10:06 PM   #33
Full time employment: Posting here.
Al in Ohio's Avatar
 
Join Date: Jun 2013
Location: Columbus
Posts: 983
That can really vary just based on COL in your location.
__________________
Ohio INTJ ENG ER as of 2016
Al in Ohio is offline   Reply With Quote
Old 05-06-2017, 04:17 AM   #34
Thinks s/he gets paid by the post
DrRoy's Avatar
 
Join Date: Dec 2015
Location: Michigan
Posts: 3,659
Quote:
About what we spent while working. The money we no longer spend on work-related stuff is now spent on hobbies and travel.
Quote:
We spend on average more now than when I was working. DW and I spend a lot more on ourselves now than we ever did before, that's for sure.
Also spending somewhat more in total due to travel. I think that such reviews should include taxes, though. You have to pay that too. My total spending is closer to even since taxes are down.
__________________
"The mountains are calling, and I must go." John Muir
DrRoy is offline   Reply With Quote
Old 05-06-2017, 06:31 AM   #35
Recycles dryer sheets
 
Join Date: Sep 2009
Posts: 92
This website is very interesting. First I feel that I'm wealthy because I have joined the ranks of the select few who can afford to retire in mid fifties (or earlier). The I look at this poll and feel really poor. Well, doesn't matter, I'm FIRE with what I got and very happy to be here !
SomedaySoon is offline   Reply With Quote
Old 05-06-2017, 06:39 AM   #36
gone traveling
 
Join Date: Mar 2015
Posts: 3,508
When we started our retirement planning, we decided that $100,000/year was a nice round target. I'm now retired and my wife is still working. The target still seems right to me.
joeea is offline   Reply With Quote
Old 05-06-2017, 06:43 AM   #37
gone traveling
 
Join Date: Mar 2015
Posts: 3,508
Quote:
Originally Posted by SomedaySoon View Post
First I feel that I'm wealthy because I have joined the ranks of the select few who can afford to retire in mid fifties (or earlier).
You are wealthy.

If you ever start comparing yourself to the Joneses and start to feel poor, just expand your comparison to the entire world and all of time. You'll realize that we are all in a time and place that puts us among the select few.
joeea is offline   Reply With Quote
Old 05-06-2017, 06:49 AM   #38
Administrator
Alan's Avatar
 
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 29,704
Quote:
Originally Posted by tmm99 View Post
I imagine some are answering per individual, and some per household? These polls (or the results) always confuse me...
Good point.

I answered based on what we spend on the two of us.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
Alan is offline   Reply With Quote
Old 05-06-2017, 08:14 AM   #39
Thinks s/he gets paid by the post
2017ish's Avatar
 
Join Date: Apr 2012
Location: Nashville
Posts: 2,136
Quote:
Originally Posted by tmm99 View Post
I imagine some are answering per individual, and some per household? These polls (or the results) always confuse me...
Like Alan, my answer (as always) includes DW's spending and, more importantly, retirement assets.
__________________
OMY * 3 2ish Done 7.28.17
2017ish is offline   Reply With Quote
Old 05-06-2017, 09:11 AM   #40
Thinks s/he gets paid by the post
 
Join Date: Apr 2010
Posts: 4,080
Our expenses changed because we made significant lifestyle changes when we retired. Now, four years later we are about to make another lifestyle change so our budget will change accordingly.

Miraculously we have been remained inside out estimated budgets. Probably due to us adding points for 'just in case'.

We budget based on an after tax monthly burn rate, exlusive of income tax installments. We do not break down any categories. Not at all concerned if we go over the monthly number because we sometimes do. It is the annual number that we pay attention to. It takes about five minutes a month to add up our chequing account withdrawals/payments/transfers related to living expenses.
brett is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Poll: Retirees, do you keep your Excess Withdrawal? Or Spend it? W2R FIRE and Money 76 01-11-2017 01:23 PM
Poll: Monthly income streams (please read before voting) rodi FIRE and Money 72 01-09-2016 05:22 PM
Poll - Monthly allowance Live And Learn FIRE and Money 50 09-13-2014 03:29 AM
Describe your first year of ER... Planned or Past chinaco Life after FIRE 34 04-03-2007 06:12 PM
Real World FIRE Income Poll, Average Monthly Draw ShokWaveRider FIRE and Money 14 09-12-2006 10:50 PM

» Quick Links

 
All times are GMT -6. The time now is 08:30 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.