bertschb wrote:
Deep Trax wrote:
Every retirement planner I've ever spoken with has stated that you will need at least 60% of your working income to live comfortably during your retirement years. I could not imagine going from 100% to 20%. How are you going to survive?
That 60% number really doesn't mean anything unless you use close to 100% of your working income to survive while working. Basically 80% of our income right now is disposable income. That's how we can live on 20% after we retire. We've been using our disposable income to prepare for retiring. Once we retire, we will have very little in the way of expenses so we don't need much income. Scary? Heck yeah!!! But, we have "enough". We can continue to work and make more money but we are tired of working and would rather have less money than more working.
Agree 100%...I love it :)...Life means more than how much money one has...The wife and I are retiring end of July, next year....We're not guaranteed anything...life is but a vapor ...live for family while we can...