My figures account for her share - I'd be feeling a lot better if I didn't have to share.
That's one thing I was trying to figure out - is 77% probably enough? I think yes, but I don't know.
Ok, I'm about to be 45, and my share of all my military pension benefits is about 40% of my expected retirement income. My rental house is another 11%, and my "predicted" SS is another 27%. The rest is what I won't be paying in child support expenses (28 months and counting, plus whatever time they spongs me for college
My goal - not be frantic every month wondering how I'm gonna pay bills. Be able to take the grandkids out to dinner/ice cream/buy a toy every time they come over. Pay my Medicare supplement premiums, etc. Protect against collapse or means testing of Social Security.
I recalculated and I think it's more accurate to say I'll be getting about 74% of my current income, adjusting for c/s.
(pension+rental income+ss) / ( salary + pension - c/s) = 74%.
If I don't carry gobs of debt into retirement, is 74% enough for general planning?
If I stay with my current company, or invest my own income at the same annual rate as they're depositing for profit sharing, it looks lie I can have another $400,000-500,000 on top of this projected income. That seems to work out to $2500 a month more for 25 years, which takes me to 95+% of current income.