Suppose you live in a one million house in Boston with 6k SS each month.
Annually to begin with you need to pay:
8k income taxes(federal and state), 7k property taxes. total of 15k
health insurance about 7k.
out-of-pocket medical expenses 2k
property and car insurance 2.5k
utility and internet 2.5k
car expenses/depreciation (fuel, repair, purchasing cost averaged to each year of ownership) 5k
property depreciation (regular maintenance for wear and tear, replacement of equipments such as appliances, heating, structure, excluding furniture) : 4k (this assumes that you are at least above average handy)
total: 38k
This is a bare-bone cost before you can put any food into your mouth..
