nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
For the past 18 months I've been very carefully monitoring my spending and living off my retirement budget. I've had to make adjustments for commuting costs that will be less in retirement and medical insurance premiums that I'll have to pay myself in ER. But I know both of those costs and I'm now confident that I can live on the $36k/year that I've set as my ER budget......because I've been doing it for the past year and a half.
I'd recommend that prior to ER you live for at least a year on your anticipated post ER income as it will give you a lot of confidence.
I'd recommend that prior to ER you live for at least a year on your anticipated post ER income as it will give you a lot of confidence.