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what he said...The numbers I quoted in my example above are actual $ spends , not what gross income I'd need to supoport that level of expenditure

For you and I maybe , but I'd hazzard a guess that most of the adult poulation are saving nowhere near that, if anything. On the contrary the "living beyond our means" and the "must keep up with the Jones's" societies we currently live in mean most have spiralling credit card debt and a live for...

well generally you don't have an income from employment once you retire and what income you do have is generally less than what you had prior to retirement, so adjustments need to be made.. Luckily most would have paid off their PPOR and any other consumable debt by then so you need less...

Not extravagant at all living in the US. $70k to go on restaurant and bar tips alone :)

My current annual spend on living expenses is $76k p.a , or $6,400 per month. (Current take home net income after tax is $9,500 per month - $114,000 p.a) My $6,400 in monthly outgoings includes $2,000 a month in child support payments to my ex wife plus $1,600 a month for the mortgage...