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[quote=Anonymous][quote=Anonymous]I have $200,000 in a 401K plus a pension that I am vested into for approximately $6500 per month starting at the age of 58. I am currently 42.  Am I super far behind? I feel like I should have way more in my 401K.  Making $150,000 a year (but that is new).  Started at $55,000 and have gone up over the past 15 years. [/quote]

Is $6500 per month from pension a current $$ or a projected $$ at age 58?  You will also receive SS benefit when you reach 62.  You should receive at lease $3000 per month or more in another 20 years.  However, your buying power will be cut by half because of inflation.  If I assume your $6500 plus $3000 from SS at age 62, you should have $9,000 per month, but you buying power is equivalent to today $$ of $4500 per month.  Now, you have to answer you own question.  Can I live with $4500 per month today?  If yes, then you don't worry about contribution to your 401K.  If it is not, then you need to contribution to you 401K with the appropriate amount.[/quote]

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