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I agree with Birgit, you'll need as much disposable income as when you were working. Medical expense gets higher with age. You'll probably want to travel or take in more local entertainment, maybe eat out more. (Remember, no more company paid meals.)

On the plus side, you won't be paying payroll taxes anymore. And if a large percentage of your income has been going into 401k or IRA, that can stop. You might even find your pension and social security aren't taxed by your state. And at least 15% of your social security won't be taxed at the federal level. But I'll bet you spend as much as when you worked, maybe more.
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