Reply to Quick poll about saving for retirement

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[quote=Anonymous]How much should a family (two parents in early 40's, one child 9-years old) take home pay of $90,000 be putting % towards retirement.  Very low mortgage, only other debt is about 12K in a 3.5% loan.  There is a 529 for the child but only to pay for 1 year of tuition.  Currently it is about 31%, 20% is from income of $65k, 11% is from $25K.  Been saving for 15 years, started at about 15%.  Only about 3k in cash savings.  Not in the DC area.

I feel like we never have any money for things our friends do that make about the same or even $30K less with larger housing costs.  Things like vacations, bigger houses, working less.....We do waste a lot of money eating out, maybe $250 a month,  but not doing much else like movies or expensive hair cuts.  We mostly use a debit card or a credit card paid off each month.  I don't know how much they put towards savings or their debt levels other than housing costs.

Just feels like we are working but not enjoying it now and not sure there will be enough when we retire to make it worth it.

Thanks for any insight.[/quote]

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