am i saving enough for retirement?

[shipwreck]

Save all you can but don't worry. I retired last week and didn't start saving until I was 35. Life life thoughtfully and without addictions and you will be fine. Buy a home, earn as much as you can and you will find in 10-15 years your budget is better and in 20-30 years you will have a good net worth.

When I was about 55 I was able to save 20-30K a year out of 50K-70K salary. Now because I was living on less than I made I only need less than 40K to live really well. I have a tiny mortgage and no other payments so could live on my social security and a small payment I am getting if I had to. 40K will give me at least a thousand a month to spend on stuff I want.

So increase your income and decrease your expenses and savings grow and once you get a few hundred thousand saved investment income makes it grow even faster. Windfalls happen like selling a house at a profit or getting an inheritance so don't blow those and they make it grow faster too.