Read? Retirement Income for Life??? (8) Uncle8888 has forgotten it until someone requested for a copy of it. Is $48K p.a. for couple at present value enough for retirees? Uncle8888 still prefer to use the method of tracking historical family expenses; but this method require discipline to maintain records of family expenses over XX years. One easy way of maintaining records is to dedicate one bank account where all expenses are charged and doing inter bank fund transfer. At beginning of each month, we just need to download the bank statement and copy and paste into our Family Expenses Tracking Microsoft Excel Worksheet. How much is enough? Uncle8888's Formula Expected Monthly Expense = (Highest ever monthly expense + 4 x Average monthly expense + Lowest ever monthly expense) / 6 = $X,XXX Annual Monthly Expense = 12 x $X,XXX = $YY,YYY Enough = 25 x $YY, YYY = ......