Spending Patterns in Retirement

I thought this was an interesting read. The report focuses on spending patterns when people are in the decumulation (retirement) phase.

It builds on previous work by NZSA regarding "rules of thumb" for retirement planning.

The key take out is that spending tends to decrease in real terms throughout retirement. This means the amount needed to be saved for retirement could be less than commonly assumed.

It would be interesting to see how this analysis could be factored into the various assumptions used by retirement "tools" to answer the "how much do I need?" question.