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We're going on the assumption that we'll be spending "about as much" in retirement as we do now, because we have some larger recurring expenses that we expect to go away (mortgage paid, downsize to 1 car, drive a lot fewer miles on that car). That said, we've got a ways to go yet and will probably revisit this to see if we would enjoy the higher lifestyle that an extra year or two in the workforce could buy us.
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