How to prepare for retirement

[Wishimaywishimight]

I'm not quite there yet (both DH and I mid-50s) but I do think of retirement from time to time. Neither of us are/were high-fliers, current salaries c. €50k each gross. Fairly good at saving and I'm just wondering is it time to be less cautious / more spendy i.e. enjoy what we have while we are not quite young but not old either and currently (thankfully) in good health or if we need to be saving harder.

It's all very vague I know! I did a virtual consultation a couple of years ago with a financial planner but as we are pretty risk averse there was little in the way of advice that he could offer.

Our situation is that we are mortgage free (just since last year), no children. Currently saving around €2,500 per month - some into a holidays account but the rest of it vaguely for a car upgrade sometime this year, getting stuff done to the house etc.

We both have pensions that, at present, would pay out c. €45k (between the 2 of us) and DH gets a lump sum on retirement of just under €100k. Savings in total of around €60k.

Any thoughts? I don't want to be frivolous but at the same time I wonder if we should be enjoying our money a little more than we are!

@Chewbecca That absolutely makes sense and I think will be a very worthwhile exercise for us. Also, I have just ordered that book on Amazon!

One thing my DH did was use some of our pension lump sum to buy a nice electric car, this in turn has meant instead of spending £100 per week in fuel (we’re out and about everyday) we spend less than £70 per month on charging.
We didn’t really save during the ten years before retirement but instead paid more into pensions as this made sense tax wise. Also we liked and still like to spend a lot on holidays.
Getting all the work you want done on your house is also a good idea.
I do think you should spend more on enjoying life as it’s really a golden time when your mortgage is paid off and you are in good health.

My spreadsheet is what tipped me over the retirement line this year. My assets over the years have grown are still growing in value.

I need time to de-stress and focus on my health. Health is wealth as my daughter says. No point being the richest corpse in the graveyard