Originally Posted by jt999
Would like to retire in 5 years. Looking to build income and/or drawn down investments to cover 80K in annual expenses (trying to be conservative) once retired. Spouse would need to work 5 to vest in 401K company match and I would need the same to quality for retiree HI.
Hmm, it might be a bit tight. You are trying to fund a lot of retirement years (40?) at 80k/yr adjusted for inflation.
Consider running the numbers for taking Social Security benefits later than 62 (at FRA, then at 70). SS is COLAed, where your pension might not be. Inflation is low now, but it hasn't always been that way and won't always be that way.
Consider what happens to your pensions when one of you passes.
Check if ACA-subsidized health insurance is available for you. $2k/month seems like a lot to me.
Consider beefing up your emergency fund before contributing so much to your taxable accounts. If you can save that much, you want to have an emergency cushion in case your work goes south.
Look into Long Term Care Insurance, and have a plan for how you would handle such conditions.
It does make sense to increase flexibility by saving more into your taxable accounts.
Sounds like you are in good shape. Might make sense to run the numbers and see how close you are.