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@dianes It's whatever your taxable income for the year was from that employment

@buzzard So when you deduct the expenses listed from the income you are left with about 1.8k a month. After paying off the minimum required amounts off each, chip away with the balance on whatever has the highest interest rate. I'd also question the 350 a month on groceries as being frugal...

@blessbrenda Basically that if you have a fund of money invested in a diversified porfolio and withdraw 4% of it year one, and then adjust that figure for inflation going forward, it should theoretically last you. So once that 4% year one figure you arrive at is at or above your current...

@blessbrenda Using the 4% rule and my households current outgoings, 1.5m would be enough for myself and the wife to retire and maintain current living standards.