Here is our 2018 budget:
You can call it Fat FIRE or whatever. We are running very lean given income level and untapped income streams such as IRAs and considering how much we are still saving annually after taxes.
Note we have a usufructuary with my FIL for rental income from our Swiss property. The rental income goes to him and property taxes, maintenance, improvements are covered by the rent. We do not include expenses related to this property in our budget as there is a net surplus from he rent.
Southern California Non-Discretionary Expenses:
Property taxes: $5600 (Prop 13 keeps it low)
Health Insurance: $7902
Health care copay: $234
Dental: $634
Home Insurance: $1532
Earthquake Insurance: $1122
Auto Insurance: $1150 (2 cars)
Auto Registration: $284
Home Electricity: -$220 (net surplus from photo-voltaic panels)
Home Gas: $240
Home Phone: $211 (Ooma premiere plus international calling)
Security Monitoring: $180
Cell Phones: $720 (2 phones with unlimited data and international calling)
Home Internet: $780
Home TV: $228 (condo subscriptions for cable TV + NETFLIX+CBS All-Access)
Home and Pool Maint.: $1200
Home Water: $1056 (includes water softening service and water consumption)
Food: $4200 (excludes dining out and for 7 months only)
South Florida Non-Discretionary Expenses:
Property taxes: $4400 (includes early payment discount)
Condo Fees: $6732 (includes maintenance, security, water, Internet, Cable TV)
Electricity $242
Food: $1800 (excludes dining out and for 3 months only)
Phone: $60 (Ooma basic)
Condo Insurance: $682 (portion not covered by condo fee)
Total Non-Discretionary Expenses:
California: $26,422
Florida: $13,916
Total: $40,388
Discretionary Expenses:
Travel Expenses: $27,323 (Mostly for airline tickets )
Hair stylist: $1200 ($800 for my wife $400 for me)
Clothing: $7300
Gifts: $2400
Dining out/Entertainment: $8300
Charity (cash donations): $2000
Hobbies: $2500
Auto Gas: $720
Spouse personal Care $8200 (facials, manicures, cosmetics, pedicures, whatever…)
Total non discretionary $59,943
Income Taxes:
Federal: $62393
State: $19378
Excess income from pension and taxable accounts: $127832 (annual slush fund rolled into savings)
Total Budget:
Non Discretionary: $40,388
Discretionary: $59,943
Slush Fund: $127,832
Income Taxes: $81,771
Total: $309,934
IRA withdrawal will be deferred to age 70.5. SS will start at 62 and Level income pension will be reduced accordingly. Second pension will start at age 62 from previous employer (additional $1440 per month). We are in our 4th year of retirement.