At age 67, your retirement budget is mostly determined by your savings and benefits. Social Security benefits of $2,400 per month can increase by waiting to collect, potentially reaching $2,976 per month. Managing $1.1 million in savings and investments can generate varying retirement incomes based on risk tolerance and investment strategies. Taxes will impact your retirement budget, especially with different account types and required minimum distributions starting at age 73. Consider factors like inflation and taxes when planning your retirement budget.

Read more at Yahoo Finance: I’m 67 With $900k in a 401(k), $200k in Cash and $2,400 Monthly Social Security. How Should I Budget?