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[quote=Anonymous]We are 49 (me) and 50 (DH). DH plans to retire at 58. I'm thinking at 59 for myself.

We make $225k but save @ $80k/yr for retirement and co!lege. So that leaves about $145k before taxes. We're looking to replace most of that in retirement. Our expenses with two kids are $80k/yr.

We will have $100k in pensions (no state tax taken) and probably @ $25k/yr in rental income (currently $22k). My DH can work PT at his same school for 80% of his final pay while still collecting his pension. And we will also both get SS (anticipating starting it when we're 65 or 67). We will get health insurance thru our pensions. So we might have more money in retirement than now.

We also currently have @$630k in our retirement accounts (not including pension). We are maxing out our savings each year and hope to have close to $1M when we both retire. We hope to not have to dip into this for a while and instead just live on the pensions, etc mentioned above. We also have $1.3M in equity but we don't want to sell and leave our city (hope to leave it to our kids).[/quote]

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