What one needs in retirement is highly variable but I was wondering if there's a general percentage of their working income that people expect to need to live on in retirement. I imagine it'll be my wife and I (mid40s, both working) living in a paid-for home in retirement. Currently our monthly expenses that would still exist in retirement are about $1000. We have 3 kids, so our expenses will be much less in three decades.

At the rate we are saving, we are "over-saving" for retirement. Even conservative estimates puts our monthly retirement income at double-digit multiples of what we need to live on and very likely inheritances (our parents have both talked to us about it, but are not making that part of our calculus).

I don't think we'll reduce our savings rate, but what should we think about? I never considered retiring early, but maybe that's in play?

We already are in careers we like, so it's not like we're trying to get out. Maybe work less?