Brooks Saddle
Recycles dryer sheets
I recently read a blog written by an individual named Darrow Kirkpatrick who retired at 50. His blog is called "Can I Retire Yet?"
He cited a figure that most retired couples live on $4,000 a month on average. He even stated that couples that had incomes in 6 figures prior to retiring only spent $4,500 a month on average. I don't recall where he got these statistics but when I read this I remember thinking the source was credible.
I've not retired yet but I am getting dangerously close. I know what my wife and I spend now but there are things in retirement we want to do that will most likely drive up our spending at least in the early years.
With this said, for those of you in retirement, does the $4,000 spending per month seem plausible?
He cited a figure that most retired couples live on $4,000 a month on average. He even stated that couples that had incomes in 6 figures prior to retiring only spent $4,500 a month on average. I don't recall where he got these statistics but when I read this I remember thinking the source was credible.
I've not retired yet but I am getting dangerously close. I know what my wife and I spend now but there are things in retirement we want to do that will most likely drive up our spending at least in the early years.
With this said, for those of you in retirement, does the $4,000 spending per month seem plausible?