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Jul 6, 2024
9:28:16pm
BYUfan92 All-American
Question for those of you who have retired already.....
I'm looking at various financial calculators to project how much I'll need to retire. The Nerdwallet calculator suggests that a user should estimate that their monthly retirement budget be about 70% of their monthly income before retiring.

For those of you who have retired, any feedback on what you found--------- percentage wise --------- you are spending on a monthly basis after retiring? Are you spending 50% per month of what you previously were earning monthly? Are you spending around the 70% Nerdwallet suggests? 100 percent? (my dad died right after retiring, but I think my mom spends about 30% of what their income was pretirement)

Here's the calculator I was looking at: https://www.nerdwallet.com/calculator/retirement-calculator
This message has been modified
Originally posted on Jul 6, 2024 at 9:28:16pm
Message modified by BYUfan92 on Jul 6, 2024 at 9:34:42pm
BYUfan92
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BYUfan92
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