4,300 translates to around 6000/month or 70,000/year (I'm rounding shamlessely) That is not bad, I'd give it above average, 70 thou is about 35 dollars per hour
Nothin adds excitment like something that is none of your business John is Near Kenwood TS-2000 housed in a 2005 Damon Intruder 377
Too many variables, for instance:
House and RV paid for?
Amount of taxable income. (my VA and Combat Related Special Compensation are not taxed)
Blood-sucking brother-in-law who won't move out of the spare bedroom.
Etc.
GM
2000 Southwind Storm 34N Tin Teepee
Jeep Cherokee toad
Enrolled member of the Comanche Tribe
English Bride
Bichon Frise bear killers:
Lord Shonefeld von Reginald-Friese IV.
Lady Annabelle von Lichenstein-Friese III.
I early retired last year after doing years of tracking expenses on Excel worksheets, attempting to determine health care costs (private insurance), projections for travel, etc.
There is NO formula --- there is no ratio of retirement expenses to what you made pre-retirement. No shortcuts.
You have to determine what your expenses are, and what you think they will be and 'crunch numbers'. I tracked expenses, to the penny, for 3 years to determine what I spent on house, autos, food, gasoline, all utilities, health care, insurance, taxes. I then had to figure what would change in retirement (not exact, but educated guesses).
Your pension of $50,000 a year puts you well in the upper half of the median income for U.S. (median, not average as I believe someone erroneously posted. A median is the point above which, and below which, 50% of the cases lie). The gross median is in the high 40's --- your take-home of this amount puts you at least in the 40th percentile
(top 40%, probably much better than that).
So, statistically, you're doing well and make more in retirement than most people do while working. But I have no idea what your mortgage is, taxes, general expenses, health expenses, etc. etc.
As I stated, you would have to track your expenses and see what they are, right now and for the last couple of years, then extrapolate and project from there. Everything else is a guess.
Pup: 2007 Jayco 1206 w/slide-out + shower
surge brakes, 54w solar panel
TV: 2005 Nissan Xterra 4X4, manual trans
25 years tent camping, 4000+ miles of hiking, lots of biking
tonkatoys wrote: a monthly pension of 4,300.00, take home,,,, high,,, low,,, or average
Depends on where you live. It's above the average annual income of most American's, so you can live on it, but you don't have a lot left over for toys like RV's. But then again if everything else is paid for, like the house, it's probably a pretty good income.
2004 National Tropi-Cal T-350, Class A, Triple slide, 330 HP Cat DP. 2006 Dodge Dakota 4x4 or
2002 Harley FLSTF Fat Boy on a Trailer or
2004 Polaris Quad on the Trailer
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