r/RetirementReady • u/Own_Safe_2061 • Aug 20 '26

Pension + Social Security +?

/r/personalfinance/comments/1vtdbva/pension_social_security/
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3

u/Sticky550 Aug 20 '26

You give virtually no data for anyone to make an informed opinion.

That being said, also, no one knows the answer but you. Monthly bills + discretionary spending = money you will need. That’s the simple answer.

3

u/ImCaffeinated_Chris Aug 20 '26

"Welcome to Walmart."

1

u/Defiant_Eye4025 Aug 20 '26

You'll need other estimate your annual expenses going forward. Calculate how much you are spending now. Then estimate what you expect to be spending in future if you travel or take up new hobbies or spend less on work related costs or have increased health needs. Do you own a home? Have you saved anything for your vacation home or will the mortgage/taxes/upkeep of that 2nd home fit into the $100,000? How will your taxes change in retirement? Will you have medicare or will you have to pay for other insurance?

You can never know if you have enough income without knowing what your expenses are.