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Hi Monica,

Congratulations on DD !!! And also for doing so well financially. My gut tells me you two will be just fine.

Currently you have $195,000 saved for retirement. Assuming a 6% return on your investments, if you only contribute $8k more per year for the next 19 years you will end up with $867,199.83.

http://www.moneychimp.com/calculator/compound_interest_calculator.htm

I'm guessing that you will save more than $4k per year once you go back to work. Plus, you will have a pension and social security.

The nice thing about planning for an early retirement is if you fall short of your goal you can choose to work a couple more years to make up for it.

Best of luck,

-helen

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