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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]37 years old (both of us).  After maxing out both our 401(k)s (DH has an employer match of 6%, I have no match), we take home about 11k.  Our mortgage is $2700/month.  We are saving/investing about 5k per month of that money.  Is this enough?  Should we be saving more?  We don't live a very expensive lifestyle, but we do go out to eat quite often. Maybe we should cut that out...[/quote]

So you save $17.5K a year each, plus the employer match of 6% (which I'll assume is at least $6K), plus you save $5K a month on top of that? So you save 100K a year and wonder if thats enough?

:roll: [/quote]

Not the OP, but we save a similar amount, have about 1.5M already saved in our mid 40s, and whenever I put my numbers into one of those online retirement calculators it tells me I need to save more.  I think that's insane.  Apparently I can't safely retire unless I have 5+ million in the bank according to these online calculators.[/quote]

Use Firecalc. You can plug in your annual spending, your portfolio amount, and the number of years you need it to last. It will tell you the likelihood of your portfolio lasting. The key is what you estimate for spending - if you're already living way below your means and anticipate that will continue, then $1.5M will last a long time. Most online calculators assume you'll be living on 75-80% of your current income.

http://www.firecalc.com[/quote]

Thanks, that seems much more reasonable.[/quote]

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