I'm interested in the level of income deemed necessary for a reasonable standard of living for a couple. An article today suggests $50,000. Another suggests $26,851 as an income for a basic standard of living for a couple in retirement. The aged pension is around $24,000 for a couple. I doubt if I would be at all happy to try and live on the aged pension and suggest it would be a battle. I need around $40,000 to maintain the living standard that we have, any less and some things like medical benefits would go. We live on a fairly low cost basis with solar hot water, a bountiful garden, plenty of fish and crabs and no need to travel as we live a resort style life at home. Extra income is used to maintain a modern car and a boat.
What income level is suggested as necessary by others?