Our goal is to continue our current standard of living when we retire (we make about $80,000 combined). Others will come forward with all sorts of advice, but I'd like to call your attention to one detail: what you make in gross pay now includes social security, medicare, money that goes to various retirement plans, costs associated with working, a mortgage, and many other expenses that may not exist when you retire. I'd suggest considering an actual budget and figuring what amounts are likely to increase or decrease at retirement - the details may turn out quite different from what you might think. In our case, what we spend turned out to be substantially less than half our gross pay, and our planned retirement needs turned out to be only slightly higher than current spending. Please do the numbers yourselves once, just to see what your expectations are and what they might cost.
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