A few things to consider...

• Will you still have mortgage payments during retirement?
• Will you be in a lower tax bracket?
• Will you be responsible for your children's or grandchildren's college costs when you retire?
• Will your commuting, business and clothing costs decrease?
• Will your auto expenses and insurance decrease?
• Will you need more life insurance?
• Which hobbies and activities will you pursue, and how will they affect your budget?
• Will you travel or dine out more often?

Use our Home Budget calculator to estimate your retirement income.