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So if you earn $100,000 the year you retire, we estimate you will need $85,000 during the first year of retirement. For each subsequent year, we increase your income need by 2.3% to keep up with inflation.
About 52.6 percent of persons 65 and over receive an average of about $6,680 in passive income. This is income from interest, dividends, rents, royalties, estates or trusts. This area is perhaps the one that needs to be cultivated the most in the pre-retirement years.ower Retiree Income. By comparing average income for people in the 65 to 74 year age group to the average income they made 10 years earlier in the 55 to 64 year age group, I found that retirees have an approximately 23 percent drop in real income.