youbet
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I calculate it would take 140K a year to continue current lifestyle in California (Excludes current savings rate and lower tax bill and lower charity $ upon retirement, so 90K would still be a significant reduction from that. My hope is we could have a scaled down, yet comfortable lifestyle in the Southeast US for 90K. All I was really looking for are any examples where someone actually retired with that much of an income step down. Otherwise, I will need to work about 8 - 10 more years to keep current spending assuming a 3% SWR. My other assumption is most folks scale down $$$ donations to charity in retirement and donate more time instead.
Shanky, you keep throwing the word "income" into the discussion. That tends to be a red flag on this board and attracts much discussion about pre-retirement income not being the appropriate metric to base post-retirement spending/budgeting needs on.
I understand your question. And it sounds like you're doing all the right things including counting on no further retirement saving, less taxes, etc. Still, continuing your current life style will cost $140k/yr and you can only budget $90k/yr. That's a pretty hefty drop.
Few here would argue that a "comfortable" lifestyle for a retired couple with no unusal expenses can't be be financed for $90k/yr living in the SE. But no one but yourself can answer as to whether the $50 worth of stuff/experiences you'll no longer have will be tolerable.
Why don't you list where the $50k will come from? Put it in 2 buckets: (1) money saved by moving out of Calif and (2) money saved by not spending on X, Y and Z things and activities that you spend on now. We can take a crack at whether the savings seem realistic or not. You'll have to decide whether the new life style would be worth it for you or not.
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