Originally Posted by
KPHMPH
We recently sat down with my in-laws to go over their retirement plans here last week. ( Mom, 62, retired 5 months ago from BC gov with 35 year pension, dad, 69, retired 3 weeks ago, owned a tirecraft )
It was quite shocking to actually see what money was going out when it was all said and done - we came down to $91,000 / year...~$7600 / month was needed to keep their lifestyle going.
That was all with strict line by line budgeting. Granted that was keeping 4 cars and a decent 15k travel budget per year.