It is never simple is it?
You seem to know what you will be getting. I will only be able to give you an estimate based on some assumptions that may or may not be correct.
You want me to estimate your take home pay or tell you how you can figure it, when I have no idea what or how you will start taking distributions from your deferred compensation plan.
We are not set up in this site to be able to figure or plan your retirement income, but I can help a bit.
Everything depends on the source of income.
If your income were earned income, I can tell you what that should look like. Using the following payroll calculator: http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp
But you say you are already clearing 1500 every two weeks with your deductions on the 65,000.
but when you retire, does the 65,000 go away?
Based on the 65,000 if it is earned income your take home pay should look more like this based on what you gave me.
-weekly Gross Pay
However when you retire this may change:
With the 1744 for your bi-weekly pay estimated for the 65K then add:
SS income which is not taxed by the state.which you say is 1500 per month
If your monthly take home pay is twice the bi-weekly, then you would currently have about 3500 a month take home.
The normal formula says you will need at least 80 percent of your current income in order to retire.
So if you may 3500 now, you can figure you will at least require 2800 a month.
Minus SS = 1300 that has to be made up by your deferred comp plan.
If you are age 63, at retirement, figure a 20 year life expectancy.
Assume a 2.5% growth factor per year on your deferred comp (2.5%) of remaining balance.
so you would need to take out 120K by 20 years = 6,000 a ear or 500 a month.that is about an 800 a month short fall.
add to this your state benefit of 3500.