I am also of the opinion that the percentage of your retirement needs vs. working needs has many variables.My husband worked 8 miles from home and had work clothes provided by his employer. Fortunately our medical insurance is covered in full for retirees and spouse, and our home was paid off before he retired.Other fixed bills remain the same and we spend more on things we want, rather than necessities. More money is spent visiting children and others in distant states, so retirement feels very good, and I would say that it is definitely a great time of life! Summing up, we spend about the same as we did when he was working though our income is less, which is possible because we don't put that extra money away to "save for retiremnt" since we have "arrived at retirement"!
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