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I am considering early retirement. My retired friends all advise me to go early. When I tell them that I'm not sure I can afford it, the usual reply is that I'll easily adjust my lifestyle to live within my means.

I have heard that I'll require anywhere up to 70% of my pre-retirement income. I'm hoping I can make it on a lot less. I own my house and all my toys are paid for. I will have a small pension of about $12000 per year. That will basically cover all my day to day costs, property taxes, utilities, groceries, car expences, and the odd night out on the town. Anything else I need will have to come out of my Nest Egg.

My question, Fellow Fools, especially those of you who have been enjoying retirement for some time, is what do you consider a reasonable yearly income to live comfortably on ? I realize that lifestyles differ with each person, I'm just wondering what everyone considers to be a minimum retirement income.


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