THE COST OF RETIREMENT:

Modest Lifestyle Moderately Affluent Lifestyle
THE BASICS
Shelter (excl. mortgage payments) $8,700 $7,907
Mortgage payments $0 $5,500
Vehicles $6,000 $9,428
Groceries $6,500 $7,044
Health and dental $6,000 $200
Home and garden $2,500 $2500
Clothing and personal care $1,000 $4000
Phone and communication $1,600 $2,200
Personal insurance & financial services $0 $1,500
Local transportation $0 600
Subtotal
THE EXTRAS
Recreation and entertainment $1,000 $3,900
Restaurants, alcohol, tobacco $2,300 $5,280
Travel $8,000 $10,000
Pets $500 $500
Charitable and personal gifts $2,500 $7,000
Miscellaneous $1,500 $2,500
Subtotal
TOTAL (excluding tax)
Income taxes $6,000 $15,450
TOTAL (including tax) $53,100 $85,695

Notes: