Determine your typical monthly expenses

Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Death of a Life Partner
Military Life

Using computer software to project retirement spending allows you to fine tune your retirement spending to your specific circumstances and beliefs.

The simplest method might be to simply keep track of your spending for one to three months after retiring. Then you can use that information to more closely align income and spending.

The following resources may assist you in determining your typical monthly expenses:

Tracking Your Spending

Cash-flow Planning for Families

Where Does the Money Go?

Entering Retirement Tasks

1. Selecting your retirement lifestyle
2. Estimating your monthly retirement income
3. Setting up your spending plan
4. Enrolling in Social Security and Medicare
5. Managing taxes during retirement

Setting up your spending plan Subtasks

1. Assess the financial realities of retirement
2. Determine your typical monthly expenses
3. Develop a cash-flow plan for retirement
4. Plan for inflation


NAPFA Consumer Education Foundation
8700 W. Bryn Mawr Ave., Suite 700N
Chicago, IL 60631
(847) 483–5400 ext. 106