re: Is my retirement thinking flawed?

quote:

---

As for generational wealth I have a 500k life insurance policy. It’s not millions but it’s more than I could likely save before I die

---

This makes me wonder if your calculations are off if you're not already well on the path to saving millions. If I read correctly, you save 10% which is over $12k so you're making $120,000+. Using 4% rule you'd need to have $3 million to replace $120,000 income and that won't be sustainable w/ 1% rate of return.

Does the pension die with you? If so you may want more insurance if family is dependent on your income.