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[quote=Anonymous]Give yourself a 10 year timeline and explore the following questions:

How will you cover expenses between retirement at 58 and social security at 62//67/70....what about health insurance before medicare? What are your general expenses outsode of those? What about longer term care, in your 80s? Figure that out and go backward.

If you can save 20-30k/year over the next 10 years, you will be in much better shape than you are now, even if the inheritance does not pan out. after 50 you can contribute 'catch up contributions.' DH and I really started to focus on retirement in our mid/late 40s, and are trying to max out each year now--we still have college and a big mortgage, but we are finally able to save for retirement in a meaningful way rather than just the 2% match from work.

I also encourage you to explore your lifestyle and bigger picture options, as a PP suggested--about what kind of life you want. You could retire to a LCOL area, abroad, a retirement community, etc. At baseline you have a paid off property that will be worth more than 450k in 10 years.

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