No. of Recommendations: 8

If SS and pension cover "living expenses", your savings needs to cover only the extras.

Part of the extras may be health care that isn't covered, a replacement car, vacation to ???, new roof/furnace/??? and other things things outside of normal expenses.

What we did was look at our history for cars and other large purchases. For repairs, we used 1% per year of our home value. That provided adequate numbers for planning.

We are 11 years into it and have not met our pre-retirement estimates yet. I prefer to err on the high side rather than run short.

All holdings and some stats on my profile page
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