re: Retirement Income Goals for planning purposes.

Good advice from others. You have to include expenses in your planning. You also have to consider where your money will be during retirement years. Will you keep it invested? Will it be in a mix of stocks and bonds? Real estate? Your assets are changed by the difference in expenditures and income from your assets.

quote:

---

Retirement planning is stressful!

---

Respectfully, it’s not. There’s this boomer mentality of going from working 45 hours a week to 0. As I already said, this is dumb and there’s no reason to do this outside of being hard headed and ignorant.

Put a $10k a month budget on paper with your current expenses.

You won’t have retirement contributions, so that’s 15-20% saved.

You don’t need to buy new cars as often. Less driving most likely. Most people eat out less, because they have more time. Or maybe eat out more because you want and can afford it.

If you have a paid off house, paid off cars, no dependents to cash flow, and no retirement contributions then $120k a year is a LOT of money.