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[quote=Anonymous][quote=Anonymous]Thanks for the responses, this is really helpful. Most of the savings is deferred comp and 401ks and matches, so pre-tax… I’d say the savings is def 400k+. This is relatively recent in the past 2-3 years as our income went up significantly.

We don’t live extravagantly but we also don’t really budget- head in the sand/flailing about seems to be our M.O and I’d like to become more organized.

We don’t want to retire for 3-4 more years (currently 52) until our kids are all off to college but I’d like the option to be there earlier if possible/necessary.

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So you are living off of ~$200K.  If so, you are likely well on track as you are saving $400K+/year.  However, for retirement you need to consider healthcare cost for the family (until kids are in their own jobs post college)---that could run you $25-30K/year to self insure and have the deductibles that go with those plans (vs a really good plan many have trhu work).

So first, you need to determine what will your costs be during retirement.  Is the house paid off?  Do you plan to downsize and if so, what would a place you like cost? Even if no mortgage, there are HOA/taxes/maintenance to consider.  Then what do you want to DO during retirement?  IF you want to travel/golf/etc you need to estimate the annual costs and ensure you are set up to do that.  
Do you have a plan for LTC?

You likely can retire at 57/58 with those savings, but only you know what you actually need each month to live (and actually live and do what you want).  Also, are you ready to retire under 65?  Will one or both of you go crazy not having something to do?  I know my spouse would, so you need a plan to scale back not just completely stop working that young.

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