In other countries, it is not illegal for minors to drink alcohol, but the alcohol can be seized without compensation. In some cases, it is illegal to sell or give alcohol to minors. The following list indicates the age of the person for whom it is legal to consume and purchase alcohol.
In all, this means the average American retiree (or those 65 and older) is spending about $3,700 per month -- or about $44,600 per year. Using the 4% rule, that would mean a nest egg of over $1 million would be needed to finance the average lifestyle.
The December 2015 average is based on interviews with more than 13,000 U.S. adults. Monthly spending averages in 2015 hovered near $90 for most of the year, with January ($81) and February ($82) significantly lower and December ($99) significantly higher than the other months.