And you spend a lot less than someone who is working (typically). Because you needs are less. Most who retire either own the home or downsize, don't have kids, and don't have a lot of other payments. Retired people spend a lot, but a lot less than current workers.
My wife and I I spend a LOT like many of my retired friends. The Kids have their own good jobs, no student loans, and instead of Occupying Wall Street they occupy their own houses, work, and contribute to my SS payments . We thank them for working .
$$ comes from savings,pension and SS. What a great idea! We made great DECISIONS in life( planned ahead ) and are reaping the rewards. Thing is, I still get taxed to the hilt even retired because of LESS deductions.
We spend a LOT more because now we can afford to buy and do what we couldn’t afford to do while working and raising two children.
Don’t have to save it for anything ( we invest in lead , and firearms instead of gold in case of a SHTF moment.