green night
Recycles dryer sheets
- Joined
- Sep 26, 2010
- Messages
- 77
Is that the future estimated value or current value (that you assume would inflate)?
If you are currently earning 180k and burning through 140k per annum then you have done incredibly well to build those kind of funds. Is your spending estimate ultra conservative?
The 45K, is the value when I'm 65. No increases, no COLA.
My spending the last 4 or so years has been very close to $120K. I put $140K, to account for taxes. Above the 180K was bonuses and options ... which varied based on the year. I do think the $120K spending may be the high water mark given vacations for 5, at least twice per year.
All in all, I do think I'm being conservative. But, not silly .... for instance, I don't have any annual vehicle spending. We tend to buy 3 year old vehicles and hold onto them for a long time (at least 10 years).