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Old 01-29-2020, 08:00 AM   #21
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We do not budget for travel. Two international 7-8 week trips per year. Shorter in country plus the occasional last minute Al in between.
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Old 01-29-2020, 08:13 AM   #22
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Over 50% of our budget is discretionary. When we have big expenses (e.g., when we redid our backyard last year or eventual new car) that comes out of the discretionary bucket; otherwise it is all travel. First three years of retirement that has been close to 60% of our actual expenses.

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Old 01-29-2020, 08:14 AM   #23
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Our monthly spending including taxes is ~$70K. I'd say 15% of that. We'll adjust up to 20-25% in year or two, when pension kicks in.
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Old 01-29-2020, 10:48 AM   #24
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It really varies for us. We always take one big trip and a few weekends. Most years we spend 5k but some 10k.
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Old 01-29-2020, 10:55 AM   #25
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about 10%, more or less.
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Old 01-29-2020, 11:01 AM   #26
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About 15%. I only spent about 50% of it 2 years ago, but I went over by about 10% last year.
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Old 01-29-2020, 11:09 AM   #27
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For the past 3 years we have averaged $15K (not counting fuel or food) on travel per year.
I do look for a good value which may not always be the cheapest.

We get 3 -> 4 trips per year for a total of about 3 months.
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Old 01-29-2020, 11:14 AM   #28
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I retired with a set aside for travel (even though I don't travel much- I just liked having options). It was ~30% of total spending, including taxes. I've actually spent none of it, as caregiving requirements have kept me close to home.
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Old 01-29-2020, 11:26 AM   #29
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Wow, that's a long time to be gone.


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Old 01-29-2020, 11:34 AM   #30
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I don't really budget, but my annual spend on travel has run from 20% to 33% of my spending.
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Old 01-29-2020, 11:34 AM   #31
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22%, though I think we're falling behind in spending it.
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Old 01-29-2020, 01:23 PM   #32
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Mine is pretty consistently 20%. That's two "big trips" per year (this year will be the Galapagos and a couple of weeks in Europe) and then short hops to visit family, stay in my favorite B&B 4 hours away, and whatever else comes up. Last year it was a family wedding in Charleston, SC; I just got back a few days ago from my youngest brother's retirement party in Charlotte.
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Old 01-29-2020, 01:27 PM   #33
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Wow, that's a long time to be gone.
Yes, but consider the distance traveled and not the year gone!

Yeah. 5.9 trillion miles is quite a trip!
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Old 01-29-2020, 01:34 PM   #34
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Yeah. 5.9 trillion miles is quite a trip!
With no rest stops!
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Old 01-29-2020, 01:52 PM   #35
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No budget for me, as we do not travel extravagantly and whatever the expenses add up to, they don't break me.

Just out of curiosity, I looked and we spent 20% in 2019, and 10% in 2018.
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Old 01-29-2020, 02:37 PM   #36
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We bought a camper to be able travel. As a result, we spend less when we go on camping vacation (we stay at cheap or free govt campgrounds mostly). So depending on how long the camper lasts gives the % cost
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Old 01-29-2020, 03:37 PM   #37
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It really depends year over year. I'd say it averages about 15% but that will go up after I turn 59 1/2 and start withdrawing some of my Roth IRAs money.
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Old 01-29-2020, 05:06 PM   #38
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45-50% in the early ER years.
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Old 01-29-2020, 05:09 PM   #39
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Our monthly spending including taxes is ~$70K. I'd say 15% of that. We'll adjust up to 20-25% in year or two, when pension kicks in.
Over 10K a month, can I tag along in your suitcase...
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Old 01-29-2020, 05:28 PM   #40
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Our monthly spending including taxes is ~$70K. I'd say 15% of that. We'll adjust up to 20-25% in year or two, when pension kicks in.
$70k per month is an impressive amount in retirement...
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