Article Title: The Average Monthly Retirement Budget Is $4,345 — Can Boomers Live Off That?
Snippet of Article: "...The Bureau of Labor Statistics found the average expenses of someone 65 and older to be approximately $4,345 per month.
It should be noted that younger retirees averaged higher expenses than older retirees. Monthly expenses of $4,870 per month were estimated for people between the ages of 65 and 74 and $3,813 for those 75 and older.
One GOBankingRates study that evaluated the retirement affordability of each state showed that nearly half of America showed an average cost of living estimate to be under $4,000 a month. ..."
Source: www.gobankingrates.com
