How much can you expect to spend in retirement?

"Households run by people 65 or older tend to spend about $3,800 a month, according to the Bureau of Labor Statistics. Here is a look at how that spending breaks down into categories, such as housing, transportation and health care." Will you be able to live on $45,756 per year $45,756 per year?  Read the article by Dayana Yochim based on the Bureau of Labor Statistics data on the NerdWallet website: https://www.nerdwallet.com/article/lets-get-real-what-an-average-retirement-costs

Let’s Get Real: What an Average Retirement Costs

Here’s a monthly breakdown of how households headed by a retirement-age person spend money, on average, in seven major categories:

Housing: $1,322

Transportation: $567

Health care: $499

Food: $483

Personal insurance/pensions: $237

Cash contributions: $202

Entertainment: $197