Module 2: Expenses in Retirement
It is important to think about what your expenses will be after retirement. A rule of thumb is that
70% - 80% of your current income will be sufficient in retirement.
Retirees who plan to very active may need the same amount of income in retirement that they
earn at present.
(Source: Principal Financial Group)
Click on "Managing Finances During Retirement". There are also other calculators on the site that might be helpful.
Before you use the calculators, you will need to gather information about your current expenses.