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Hi Jingo So you would rather continue working for xx years rather than sell down and retire on an income that will provide you today with a great lifestyle?? Another consideration if you sell now are you selling in a rising market? If you decide not to sell but change your mind what...

.....and that is why I started this thread. So if you think it may take a life time to generate $58,000 cash flow, what will it take to generate $100K??? my guess is some may actually never achieve this Some may already live happily on perhaps $58,000, review their asset base and tweak it...

Public system covers this stuff I am pretty sure. I know many oldies who don't have private health cover and they get on just fine in life, they get generous discounts for their mediation as well. We have a long way to go before we end up like the US.

HP China I assume would be used to living on much higher income and perhaps it will may be difficult to contemplate retiring on $58,000.

Kids cost money, just don't have any and you will be fine on $50K, otherwise your stuffed:p

Good one, you living in Spain, I bet its a hell of a lot cheap in Spain than Australia, nonetheless wonderful for you and your family and BTW Spain is very nice place to enjoy some ME time:) Lucerocks, also now in Spain

Hi Moyjos I gave the day job away some 8 years ago so don't need the glam clothes, but I still like to wear nice fashionable clothes, someone mentioned Millers for clothes, but I would not shop here, mum would though, its grannyville, sorry anyone who likes this stuff, not me:p, I don't pay...

Yep, Au$ 81 last time I looked, if predictions are correct 70 next year some time, which means from dizzy heights of when Au$ was 1.08 we are looking at least 30% increase for imported cars ouch, not to mention what else/products will be effected and hurt our little pockets.

I can only go from my experience, I lived in USA for around 18 months and found it cheaper than Australia at that time. Been back several times on hols and as a tourist always found it cheaper than Oz terms of food, accommodation, travelling within USA. Wages are most certainly lower, I know...

I like the site. OK, he has posted $24K pa, I think also in many States cheaper to live in US, ie food, travel, housing. I suspect he is now making a fortune from the blog ?? Its not an issue either way, however if I am correct there may be some toys in the background that we will not be...

It would be interesting to know where Mr Mustache lives, housing is so much more affordable in many States in USA, big plus Also, wondering does he make money from his site/blog?? curious

Scott according to my link pension is around $33,000, you would need to be very frugal on this money, I dont expect too many o/seas holidays.

....... I could be wrong, but its a bit like those who say they could retire "but I love my job" is more about......"I don't have enough money/assets yet to retire". ..... no one shoot me please, not yet:)

..... according to superguru. You may want to check out this site, quite interesting I think. Personally I could probably live on this income but chose not to because I enjoy travelling and some other little luxuries in life that I am not prepared to do without . However, perhaps those...