It depends GREATLY on where you live. Not only because of the 24K in property taxes, but all the other costs of living associated with daily life, from mechanic’s hourly rates to having to pay to park to go shopping or a $500 a month AC or heating bill. In a place with moderate taxes and a reasonable cost of living, $40K after taxes and no house payment isn’t a great luxury, but enough to eat well and not impoverish over time.
The big wildcards, of course, are health care or nursing home expenses. They’ll crack the nest egg in a hurry.
