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That might not be so bad. Are there any pensions in the picture? Possibility of higher-paying job(s)? Do you have children who'll leave the nest, allowing you to save more? Will you have a paid-off house by retirement, slashing the needed withdrawals? Might there be an inheritance in your future?

As of now, we will both have pensions. We currently have relatively high paying jobs. Income isn't the issue, rather the desire to save enough to retire in 17 years (when DH is 53) as well as pay off the house (only 3 years into a 30 yr mortgage), finish paying off my student loans (the $50K thorn in my side) and still have fun in the meantime.

We don't have kids and aren't planning to. My conservative stance for retirement is that though we won't have a mortgage (that is my one iron-clad 'entry criteria' for retirement), what we used to pay for the mortgage would go to increased healthcare (no more employer-subsidized insurance) and travel costs.

I don't know anything about DH's parents' finances so I'm not expecting any inheritance from them. My mom is deceased but my dad is young enough (66) that I hope he will still be alive when I retire. That said, any inheritance from him would be meager (maybe $50K), not that I want or expect it.

Our retirement savings took a big leap forward in our late 40s with bigger paychecks, and another smaller leap when we became empty-nesters.

AI = adjusted income?? (am I suffering from senioritis and forgetting a common abbreviation I used to know?)

When DH retires from his semi-retirement job (currently making 1/2 his peak salary, and it started out much lower) with 2 SS streams and 2 tiny pensions, we expect to withdraw only 2-3% from the retirement stash per year.

AI = annual income to me. I'm hoping for, but not counting on, SS and our pensions but I have no idea (other than using online calculators) how much we need to save or could withdraw. Right now, I'm in the beginning stages of finding a financial planner to give us a sanity check. We save a lot of money (~20% of gross) but I feel like we can or should be doing better considering how much we make.

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