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Author: TerryMcK Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76421  
Subject: Re: You need 135% of your salary in retirement? Date: 9/15/2011 9:16 PM
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We are living comfortably on about 2/3 of what I was earning before retirement. That includes a retirement plus SS; and not touching investments yet.

We don't travl extensively, but we do take about 2 vacations a year (e.g. cruise, etc.), we eat out about 75% of the time, and buy what we want. We also spend a fair amount of time doing volunteer work.

I don't know about paying $1200 for health insurance, unless you have not reached Medicare age yet. My most expensive insurance was between retirement (62) and going on Medicare (65). Once on Medicare (icluding a supplemental medical plan and a separate drug plan), my medical expenses are lower than even when I was working and on a group plan.

Another factor here is what was the salary before retirement. If somebody was making $50K, then maybe they will need more after they retire, to cover medical, etc. If somebody was making $200K, I don't think they will need $270K in retirement.
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