General Discussion > Post-FIRE
Spending reality vs planned. Saved too much?
Drew664:
Just curious to anyone that has been retired for a while, if you are hitting your planned monthly withdrawal amounts or if you are under that amount because you aren't spending it. My guess is that most are underspending and have 'saved too much' for their month to month needs. Having too much is a good problem to have, but of course this may change retirement goal setting for someone planning life without the 9 to 5.
deborah:
Under planned withdrawal amounts, and my spending budget was already less than I expected each year (just in case). However, I plan never to do paid work again, and I needed a bit more just in case I started a business...
roadtofreedom:
Generally, real withdrawals are smaller than planned withdrawals.
The main reason is that, you are quite prudent when you are planning your RE expenses.
Also, when you are RE is key being more mustachian than before.
MDM:
Close to planned.
Less than allowed for when calculating ability to RE.
DoubleDown:
--- Quote from: MDM on January 19, 2015, 08:35:17 AM ---Close to planned.
Less than allowed for when calculating ability to RE.
--- End quote ---
+1
I knew our regular spending prior to RE, and it has continued to track the same in RE.
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