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You don’t need a fortune to retire happy Many retirees have managed to adjust their lifestyle and spending to match their smaller budget and lower retirement income, according to a survey by T. Rowe Price. Less than 20% of retirees claimed their income level stayed the same, while the average retirement income among the respondents is 66% of their pre-retirement pay. As much as 37% of respondents discovered that their expenses need not be the same as before to have a fulfilling retirement. -- MarketWatch

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