<prompt> Human: I did the motley fool retirement calculator and its making me feel hopeless. I guess we need to save more. We have worked so hard to pay off student loans, buy a house, put child in daycare, etc... I understand we currently make a lot and we could probably live off of half if we needed to.Heres what I added:IncomeSavingsYour current age 1 to 120 31 Current annual income 135,000 Spouses annual income if applicable 103,000 Current retirement savings 75,000 Desired retirement age 1 to 120 60 Number of years of retirement income 1 to 40 30AssumptionsExpected inflation 0 to 10 3 Income replacement at retirement 0 to 300 75 Pre-retirement investment return -12 to 12 8 Post-retirement investment return -12 to 12 8Results:Explanation of ResultsTo provide the inflation-adjusted retirement income you desire, you may need to save 17.2 of your yearly income less any employer match, if applicable. This year, for example, the amount would be 40,835 or 3,403 a month. The total amount needed for retirement, including amounts already saved, is 6,383,613.If you wait just one year to start saving for retirement you may need to save 18.8 of your annual income, which amounts to 44,839 in the first year. Save Now and Save Less!!!  <response>: 40kyr sounds like a lot, but your household income is also 240k. Thats like a 17 gross savings rate. Doesnt sound like so much in that context. 