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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]

$5 million is our target.[/quote]

Well it says you need more based on your current income being so high, is my guess.  Like, I'm sure it says you need more for retirement than a couple making a combined $80k/year.  Because they're already living life based on a smaller amount, they'll need less in retirement.  But if you're smart, pay of your house, etc, you, too, can retire on less.  [/quote]

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