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Depends on where you live. A Cali resident will need a lot more then I would need in Okla.
I could draw about 100k but I am not near that on an annual basis. Just my SS is enough to cover my normal lifestyle. Just off the top of my head...
2500 property tax
2500 home insurance
5000 healthcare expense
2000 auto
2500 utilities
2500 phone/tv/internet
5000 food
22,000 total on the basics
Still leaves me 10,000 from SS for vacations and entertainment.
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