2K a month to live on for the rest of your life?

[BankHolidayBulb]

Could you manage (assuming you don't work) on 2K a month for the rest of your life? Assuming no kids & no rent/mortgage. We can say it's easy now but I wonder what 2K will be worth in 30/40yrs time? What problems do you foresee?

Should point out my essential outgoings are so low, about £200 - £250 per month, because my income is too & it's necessity driven. I'm a live-in church caretaker & pay no rent on the flat, but only get about £900 per year in wages. That's topped up with Working Tax Credits to £75 per week.
It's an unfurnished flat but I've filled it with lovely 2nd hand furnishings, My beautiful Art Deco bed for example was £11.50 on ebay. Most came from charity shops for around £5, vintage/antique solid wood, some items beautifully hand carved. I made all my curtains from material from the market, mostly 50p a metre. Overall it looks very elegant & up market. I've some things I brought over from Ireland when I moved her a few years ago - masses of Waterford/Tyrone crystal & Belleek (I wasn't always so poor). Even the most judgemental of people would think they're being elegantly entertained from the crystal decanters & glasses bathed in light from £300 each crystal lamps & probably never guess the sherry's from Aldi & the nibbles & biscuits from the market.

As we learn in life, you cut your coat according to your cloth.

I earn less than that now! For me alone minus mortgage my food and bills alone would be circa £500 pm.

As a single person without rent or mortgage I could definitely live on that and very well too.

Maybe, my bills are about 800 before mortgage so I would only have 1200 left. If I had no kids and it was just me and dp, then yes.

I could live on it but I would rather not. I spend far too much in things I don’t really need but I do get great enjoyment from the things I buy. Clothes, make up etc

I temper that shallowness by also enjoying things that cost nothing such as appreciating the beautiful scenery when I go hiking etc.

Right now yes, easily. If you take expense for mortgage and before/after school club and ds's drama/swimming off our salaries then we have around £2000 left. We'd not have to pay for ds's food and clothes etc, could holiday in term time and wouldn't be paying for train passes if not working so would actually be better off.
In the long term guess it would depend on inflation rates.

Bookworm4 I think your post was unpleasant, as happens. I was asked what I’d miss if I lived on £2k a month. I listed some of them, as requested.
What should I do? Pretend I like darning socks and eating gruel? I could live on a reduced income but I wouldn’t want to. I suspect most people would rather not worry about money and might enjoy a few treats.

@CherryPavlova the bookworm poster is just one of many on here who don’t like anyone who earns/has more money than them.

Anyone wealthy is seen as someone to sneer at by these people.

What should I do? Pretend I like darning socks and eating gruel?

Because thats what 2k a month is

I'd love that if it kept pace with inflation - where do i sign??

@Bookworm4 I know exactly what it means, which is why I said I would have to cut down on my cleaner, holidays etc.

They might not be to you, but to me a cleaner, holidays etc are vital.

With no mortgage yeah sure
Our outgoings are 2.6k each month ( with mortgage) and we've swapped to the lowest energy provider too

Well I'll be dead in 30 to 40 years time so not a major issue for me then.
I can just about live with that now!

I'm staggered so many posters seem to think it would leave them with some sort of impoverished lifestyle. £2k a month with no mortgage payments, children for only one person is a staggering amount of money! It would afford you a very comfortable lifestyle.

Gruel and darning socks😂 I live on £98 a week before bills and have never darned a sock in my life. £2000 a month would buy nicer socks though.

vampirethriller I think the gruel and darning comment was a bit tongue in cheek response to someone who felt the need to be unpleasant. They clearly felt anything above ‘licking gravel of’t road for your tea’ was excessive luxury and belittling of others.
I have darned socks in my time but they are never comfortable afterwards. I’ve certainly made school trousers into shorts after they’ve reached the point of no more patching many times. I get some people live on less but that doesn’t mean I can’t enjoy or want more.

I understand. I used to earn £3000 a month and it was great. And I'd love to now. But I was very ill and badly injured and I can't do the job I did anymore. I don't enjoy being poor, I don't expect others to accept less just because I have less though.

I guess nine of us know the future - which is why I want to enjoy life as long as we can. I know it’s extravagant but generally we live quite a simple life so I think I earn the luxuries we do indulge ourselves with.
I’m sorry you’re unwell; must be tough having it whipped away from you.

Of course. Comfortable. Staggered that do many posters couldn't.

DH and I live on £2300 a month inc all our bills and mortgage so £2K without any would be amazing 😊

Thanks yes it was.

2k a month seems odd as most pensions have an inflationary rise, if you have a lump sum and are using draw down then you start with a large sum which is earning interest until needed
ie if you are going to withdraw £2000 a month for next 30 years you must have a pot of at least £500,000 what would happen is this year you take 24000 and leave 474,000 earning interest the interest on 474k in one year at 3% would be 14.2K so this year you took 24k made 14.2k interest so the actual cost of drawing down 24K or 2k a month is actually just under 10K so next year with a 2% inflationary increase on 2000 is 2020 or you need 24.5K etc
you would need a financial adviser to estimate what sum you would need to provide 2k a month linked to inflation for 30 years the pension calculator i looked up suggested about 500K as you would not just leave it in a bank savings accouint at 2% but invest it with advice or buy an annuity type product

Given that the median average fulltime salary is 29K before tax most people are managing on just over 2k a month including housing costs as most full time workers are still paying mortgages though older ones may have finished paying it off
so yes with no housing costs 2k a month for 1 person should be plenty for a nice life

I live on 3/4 of that. With bills food everything coming out of it