12-19-2020, 01:35 AM
I plan to retire next year at 60. My current expenses are about 100K every year (Gross).
My question to folks who are already enjoying retirement is - If I want a similar lifestyle in retirement, what percentage of the 100K should I plan for in my 60s, 70s and later. Being self employed, I already pay for my health insurance, so that should not be an issue till I can claim Medicare at 65.
I have heard numbers from 70% - 110% thrown around. So, wanted to hear some sage advise from folks who have real life experience.
Thanks!
My question to folks who are already enjoying retirement is - If I want a similar lifestyle in retirement, what percentage of the 100K should I plan for in my 60s, 70s and later. Being self employed, I already pay for my health insurance, so that should not be an issue till I can claim Medicare at 65.
I have heard numbers from 70% - 110% thrown around. So, wanted to hear some sage advise from folks who have real life experience.
Thanks!