45, 43, married couple with two teenage children, income $97k pa & $110k pa respectively.
Savings $20k pa & $30k pa respectively.
Lives in a resale condo, bought for $600k, in 2005. Still servicing loan of $200k.
Other assets include CPF and cash, no stocks, $400k.
Total husband & wife combined net worth (including home equity), $1.4m.
How are we doing as a couple?
Is our net worth considered low among graduate couples?
Any suggestions what we should do to prepare for retirement at 60?