How Does Slashing Expenses Extend Your Retirement Savings?
We assumed Retiree A withdraws $2,559 in the first month of retirement to cover expenses outside of those covered by Social Security. This figure increases monthly with inflation.
In the first month, we assumed Retiree B spends $250 less and Retiree C spends $500 less. The following monthly withdrawals track inflation.
Image is a chart by SmartAsset titled "How Does Slashing Expenses Extend Your Retirement Savings?"
