I like the dreamy quality and cheesy synths. The progression is a little slow-paced at times, and the chord structure is a little bland. I think you overdid the reverb on the percussion, especially during the fills at 1:54. The melodies at 2:03 are nice, but the bass and drums get a little drowned out at that section. The smooth flow and atmosphere really help sell this piece, and the seductive saxophone is a highlight for sure. Some of the harmonic details might need more fleshing out, but this is a solid start. I'm far from being a "retrowave nerd," but I'm looking forward to hearing more of your experiments with '80s synths. ^_^