No. of Recommendations: 13
<<Is there any reason to suppose that I would DOUBLE my spending if I were to retire?

I guess it depends on the retiree...

Personally there are so many things I want to do when I retire. I will have more time to travel the world, and enjoy those hobbies which also tend to cost $$$.


My hobbies usually either save me from spending money or make me money.

People are certainly different and you are entitled to whatever amount of consumption you wish. But I again suggest that there is little necessary relationship between personal income and personal spending.

Your presumption that there is a strong relationship between the two means that those contemplating early retirement might suppose that they need to save a much larger dollar amount before they retire than may be necessary. IF someone wants to engage in a lot of expensive consumption in retirement, they are wise to postpone retirement until they have the assets to support that level of consumption.

Those who are satisfied with modest levels of consumption can retire a lot earlier, and enjoy retirement while the person planning high levels of consumption is still working to acquire the assets to support that lifestyle choice.

Seattle Pioneer

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