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Originally Posted by Lubicon
I'm another one in the camp of 'not sure if I have saved enough'. I've been saving for many years and have built up a nice nest egg, it just doesn't seem like enough though when I look at things. Housing prices have escalated so quickly in the past year or two it's probably pushed out of the market we were hoping for in retirement, I doubt the sale of our house now would get us into what we were hoping to, and there's not enough saved to make up the difference and also fund retirement. Hoping for another 5-6 years of work but it's been touch and go the past 6 so nothing is guaranteed. Normally one would make hay while the sun shines but it's been a rough 7 years at work which has not allowed us to put any extra money away other than our regular savings. My wife's job probably disappears in 3 years when the business she works at will close, that's another hit to absorb in the retirement funding.
I'm probably still okay, it just doesn't seem like there's enough in the retirement kitty at first glance.
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Honestly, go talk with an advisor. When I say that, I don't mean someone with that title at the local bank branch, but someone with the designations and education to help put together a financial plan. (A CFP, Certified Financial Planner). Advisors who have been in business for a long time end up helping a lot of people retire, and as a result they've seen a lot of scenarios. I'd want to find out how things look when you are still working and can deal with it (to some extent) as opposed to when retirement is imminent.