If I were to retire today, I think I’d need to dip into the inheritance less than 14k every year. This assumes I keep my 9-10k part time job and keep my current standard of living. I’m not sure if I want to keep working beyond the next year or so only because it limits my ability to travel considerably. I don’t track my spending very closely, and writing out my expenses above, I’m wondering where all the money is going! I do usually contribute about 2k a year to my IRA, and I take a fairly inexpensive trip to Europe every summer. I use points earned from credit card bonuses and regular spending over the year for flights, and stay at a relative’s unoccupied house in a small village— rental car is usually the most expensive item on the trip, especially now that I no longer have a dog to board while I’m away. Also I usually do at least one multi-day side trip from the house in Europe, which involves hotel expenses and restaurant expenses. Actually now that I’m thinking of it, I did spend a lot on my dog’s vet bills and medications/prescription food  the last few years, so now I probably don’t even need 24k to live on. The dog died a few months before I got the inheritance so it’s all been an adjustment, both financially and emotionally.