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Budgeting - how long can I last!

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Hi guys!
I'm an aussie, and yes our dollar is falling.
I've booked my flights into Milan next July and I'm starting to wonder... How long can I make this trip last?!
So I'm asking you, not including big flights or expensive trains, how much money will I go through a day, on average, to see as much of Europe as I can!
I'm not looking to go for any longer than 3 months.
I want to budget for my accomodation (hostels, airBnB), transport (trains, cheap short flights, busses) and plenty of money for some tours and some drinking.
I realise each place will vary AND I am starting in peak season, but just a rough guide please :)
What does everyone think?
Thanks!

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