What age group you belong to? What about your net worth?

If you are still young (< 45 yr old) you still have time on your side to accumulate a healthy nest egg. Your savings of 50% for a single income family is admirable. Keep it up!

On the other hand, if you are >50, and your net worth is below $2.5m, it is normal to feel insecure.

A quick run with any financial calculator found on the Internet will show you that to retire at age 60 and to live for another 25 yrs, living on just $5k a month, with an eroding inflation of 3.5%, you will need $2.5m at least. If this sum includes your home, it means that by 85, you will be homeless and nothing to pass on to your children.

Single income families should be a thing of past generations. In these challenging times and highly educated population, both spouses should come out and work.