Investing for Retirement Income Smile

[manaboutown]

At age 82 I find myself spending less than I imagined I would as my day to day living expenses are more modest than I anticipated. After I retired from my profession at age 52 I spent pretty heavily through 70 or so as I was very socially active as a single man and traveled internationally about a third of the time. Although I used to think nothing of eating at restaurants frequently I rarely eat out alone anymore as I cringe when paying $21 for a hamburger much less $$$$ for a steak dinner. I still go to restaurants with others socially, when traveling and for occasional business lunches and dinners but less frequently than in the past. At this point I do not see my expenses increasing much until I develop medical issues and need home health care or move into some form of adult living facility. I am familiar with the 4% rule but recently during reading about retirement in "How to Retire" by Christine Benz encountered the "Smile" which intrigued me.

Has anyone planned their retirement income stream based on the Smile?

What Is The 'Retirement Spending Smile'? | Retirement Researcher (https://retirementresearcher.com/retirement-spending-smile/)

https://static.twentyoverten.com/58fa971131d0d277e8275836/ms5wAiRgcWV/The-Retirement-Spending-Smile-Estimating-Changes-in-Retirement-Expenditures.pdf

[Aces4]

At age 82 I find myself spending less than I imagined I would as my day to day living expenses are more modest than I anticipated. After I retired from my profession at age 52 I spent pretty heavily through 70 or so as I was very socially active as a single man and traveled internationally about a third of the time. Although I used to think nothing of eating at restaurants frequently I rarely eat out alone anymore as I cringe when paying $21 for a hamburger much less $$$$ for a steak dinner. I still go to restaurants with others socially, when traveling and for occasional business lunches and dinners but less frequently than in the past. At this point I do not see my expenses increasing much until I develop medical issues and need home health care or move into some form of adult living facility. I am familiar with the 4% rule but recently during reading about retirement in "How to Retire" by Christine Benz encountered the "Smile" which intrigued me.

Has anyone planned their retirement income stream based on the Smile?

What Is The 'Retirement Spending Smile'? | Retirement Researcher (https://retirementresearcher.com/retirement-spending-smile/)

https://static.twentyoverten.com/58fa971131d0d277e8275836/ms5wAiRgcWV/The-Retirement-Spending-Smile-Estimating-Changes-in-Retirement-Expenditures.pdf

I couldn't get past the $100,000. a year retirement budget. How lovely!:duck:

[Michael G.]

Watch brings up this question:
Who is, can, and able to live off your social security???

[Caymus]

Watch brings up this question:
Who is, can, and able to live off your social security???

Last I read about 40% of retirees only live off of social security.

[dewilson58]

Last I read about 40% of retirees only live off of social security.

that's what google says today

[dewilson58]

I couldn't get past the $100,000. a year retirement budget. How lovely!:duck:

The median retirement savings by age are:
Age 35–44: $45,000
Age 45–54: $115,000
Age 55–64: $185,000
Age 65–74: $200,000

:22yikes: