20%-25% (portfolio pull PLUS Soc. Sec.)
Its not my "ideal" target, but rather, given my projected social security benefit, and my projected stash size at RE, I will likely only be able to draw 25% tops (of my current salary) at RE. Depending on the unknown future, it also could be 20%.
Of course I'd prefer 75% of my current salary, but short of some unanticipated holy grail, it is highly unlikely.
As a mustachian, I will just adapt to this lower (RE) spend. For example:
1) move from VHCOL area to LCOL. Currently planning this and yes, this will have a huge impact on my spend
2) no longer supporting 2 kids
3) downsize EVERYTHING
4) no more payroll taxes, life insurance, no more allocating $$ to RE savings
5) as a result of #1-#3, reduced utilities costs per year
6) eliminate all debt prior to RE
Whether this plan is realistic/workable doesnt matter. I will only have what I have to work with at RE and no more.