No. of Recommendations: 5
I'm thinking about 110k per year in future dollars.

In future dollars? What inflation rate did you use when determining how much you would need in future dollars? At a 3% inflation rate for 17 years, $110k then is the equivalent of $66,551 today, and your $36k/year in pension is only the equivalent of $21,780/year in today's dollars. My guess is, out of your $160k salary, you're spending a LOT more than $66,551 today, since you only seem to be investing/saving $24k/year ($18k in your 401(k) and $6k in your taxable account), even after you adjust for the P&I portion of your mortgage payment and your pension.

In a previous thread, you indicated that your mortgage payment, including insurance (and presumably taxes) was $3400/month. http://boards.fool.com/personal-loan-6k-8-lending-club-5k-10... For a $330k home, if you assume a conservative 2% of the property value for total property taxes and insurance, that would be $550/month. So, your P&I payment might be $2850/month, or $34,200.

$160,000 minus $24,000 (401(k) and taxable account investments) minus $21,780 (pension) minus $34,200 (mortgage P&I) is $80,200 in needed income. In 17 years, again at a 3% inflation rate, that would require $132,260 in future dollars if you want to maintain the same lifestyle, or are able to cut your current lifestyle by another $15k or so today.

That said, even at a $110k lifestyle in future dollars, with a $36k pension in future dollars, your investments would need to provide $74k a year. At a safe withdrawal rate of 4%, that means you would need $1.85MM in investment accounts. At a 6% growth rate and the same amount of investments each year, your accounts will only be worth $1.6MM - so you're $250 short on even the lower standard of living that $66.55k/year would provide.

You probably need to ramp up your savings/investments and/or cut back on your spending if you want to retire at 60 with the same lifestyle that you had before retirement.

AJ
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