3 ms·
A good guesstimate: 1. Figure out your current lifestyle expenses (you can track this over time if you use mint.com or other websites) 2. Subtract your mortgag
by CompelTechnic 9y ago
A good guesstimate:
1. Figure out your current lifestyle expenses (you can track this over time if you use mint.com or other websites)
2. Subtract your mortgage if you plan to have it paid off by retirement
3. Add in fudge factors for healthcare expenses and increased or decreased discretionary expenses, depending on the lifestyle you think you will live
As with any planning, you can stare at the numbers forever and not feel satisfied. There is no one true answer.
- astura 9y agoYour lifestyle/spending in your 20s and 30s has little to do with your retirement lifestyle/spending. Especially if you're rasing children...