The sad irony is that the group that is least unable to save are the ones who have manual labor jobs that are challenging as one grows older. How do they expect to keep working as they age? I used to work with a woman who's significant other was in construction and saved nothing. She used to say that his long-term financial plan was to die early.I am 47 years old, fortunately I listened to my mother when I was 22 and starting putting 10% of salary towards retirement. I upped it to 15% when I was 35. I am on track to retire maybe a little early.
Even at 40 years old you're not too old to start saving for a retirement. It sounds like you have some retirement save which is a start. Not to single you out but you do have new 2020 and 2021 vehicles that aren't that cheap, so you have some means to be able to afford those vehicles.. If you planning on working past 80 in some capacity, you have many years to save and compound investment gains. I have downloaded and used your lease excel spreadsheet, you did a really nice job with those. I use an excel spreadsheet to project my own retirement. Make yourself a retirement project spreadsheet and start putting a plan in place, 80 year old Raven will probably thank 40 year Raven.