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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am 39 and only have around $100,000 saved in retirement - been a low earner for the past 10 years (only making around $65,000 a year).  However I do have a pension and right now it says I can retire at 58 years old with $5700 per month.

I am currently saving a mandatory 5% each month (being matched by my employer) and also putting an additional $250 per pay check into a 403(b).

Give to me straight - is this super low in terms of retirement savings? [/quote]

You are all set.

- Your pension is worth about a million at the time you retire. 
- You are saving about 15% of your salary (20K/yr).  With another 19 years to go and adding in the 100K you already have and assuming an 8% avg. return you should be at about $1.2 mil by then.
- Add in SS

You are all set.  Just don't quit your government job.  That would be a big mistake.
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OP - thanks! that makes me feel much better!  And I plan on staying in my job till I retire. Just got promoted and this is it for me - unless its an internal promotion again. I don't plan on going outside the organization.

DH has his own retirement savings as well (higher than mine - more like $50,000+ per year being put away) but we are way way way behind in savings between paying off student loans and paying daycare. I think DH has something around $200,000-$300,000 saved? Maybe a little more? Which seems like not a lot given our age but his retirement savings is a mandatory $50,000 per year for the foreseeable future so he will quickly play catch up I think. 
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Welcome.  Adding your spouse's numbers will make your retirement plan even more solid.   Just create a spreadsheet and plug in your numbers - current salary, savings amount, growth, etc. and you'll see that you guys are more than fine.  The most important thing is to make sure your expenses don't run wild and you are saving a good chunk of your income in your 403B as well as outside brokerage accounts.  Good luck! 
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