I Asked ChatGPT To Plan a $100,000/Year Retirement Budget — Here’s What It Said

Most status budgets presume you’re pinching pennies. But what if you saved good and privation to really bask retirement? I asked ChatGPT to representation retired a $100,000-per-year status fund for idiosyncratic who wants comfortableness without being wasteful. The artificial intelligence’s breakdown was thorough and felt reasonably realistic.

The chatbot designed a monthly spending plan, calculated however overmuch you’d request saved and identified the champion places to unrecorded connected this income level. According to ChatGPT, here’s what a six-figure status really looks like.

ChatGPT started by clarifying that $100,000 annually puts you good supra mean retirees. This fund supports prime healthcare, regular travel, a bully location successful a desirable country and country for unexpected expenses. You’re not surviving extravagantly, but you’re comfortable.

The AI wrote that this manner requires either beardown savings oregon a operation of savings positive Social Security and perchance a pension.

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One 100 1000 dollars per twelvemonth equals astir $8,333 monthly. ChatGPT broke this down into realistic categories.

Housing costs $2,500 to $3,500 per month. This covers either a bully rental successful a high-demand metropolis oregon a mortgage-free location wherever you lone wage spot taxes, security and HOA fees. The chatbot gave circumstantial examples: Austin, Texas, runs astir $3,200 monthly; Phoenix astir $2,600; and Tampa, Florida astir $2,400. San Diego pushes toward $3,500 oregon more.

Food and eating instrumentality $1,200 to $1,800 monthly. ChatGPT explained this includes high-quality groceries from stores similar Whole Foods oregon Trader Joe’s positive eating retired 2 to 4 times weekly. The fund besides covers occasional hosting and vacation meals.

Transportation costs $600 to $900 per month. The AI assumed you mightiness person a car outgo on with insurance, state and maintenance. If you unrecorded successful a walkable metropolis without a car, this drops to $200 to $300 monthly.

Healthcare and security tally $800 to $1,500 depending connected your property and state. ChatGPT broke this down arsenic Medicare Parts B and D, supplemental Medigap oregon Advantage plans, dental and imaginativeness coverage, medicine medications and immoderate specializer visits. The AI warned that radical nether 65 should fund toward the higher end.

Utilities outgo $300 to $500 monthly for electricity, water, gas, trash, net and streaming subscriptions.

Travel gets a important chunk astatine $10,000 to $15,000 annually, which equals $850 to $1,250 monthly. ChatGPT explained this covers 1 to 2 large planetary trips positive home getaways, hotels and eating abroad. The AI wrote that question makes a immense quality successful status satisfaction.