How do you estimate monthly expenses for FI, considering post-retirement lifestyle?

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  • #107793 Reply
    Stephanie

      One thought, as a child who has made life choices my parents couldn’t have predicted: Owning homes near your children will only make sense if they stay in one place for years at a time, and probably in their/your country of citizenship.

      It sounds like they’re still young, so it’s not possible to plan around their hypothetical future choices.

      If owning multiple homes (that you keep available for your own use, not rental properties) doesn’t have to be part of your plan, how much earlier can that retirement start?

      #107794 Reply
      Charlotte

        May be an unpopular opinion but if you are early in the journey you really don’t need to know your number, just find a comfortable savings rate and live your life.

        Things will become more clear as the kids get older, etc

        #107795 Reply
        Sarah

          I just estimate needing 100% of earnings, even though clearly we won’t. I’d rather have more than necessary.

          Personal finance is personal though.

          What makes the most sense to you?

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