Here’s How to Budget in Retirement So You Don’t Run Out of Money Take these steps to make sure life after work is enjoyable. Editor's Note: This story originally appeared on The Penny Hoarder. You’ve spent decades in the workforce earning a living, your schedule dictated by the demands of the job. All the while, you’ve been steadily adding to your savings so that one day you could get to this point: retirement. Now, there’s no alarm to wake you up in the mornings and no boss to answer to. You can finally get around to crossing items off your bucket list — or simply have the opportunity to catch a midweek matinee movie.