I don't know how I missed this thread back in January when it was first started. I think a few of you guys on here (including FTF) are familiar with us. For a good look at our recent juicy numbers and plans, go to this link: The Numbers Game Part 2
"Let me explain... No, there is too much. Let me sum up"
Both currently age 44, relatively at the peak of our earning capacity in current jobs and both high earners. I was a SAHM for 5 years a lifetime ago, but our two sons are now 19 and 18 (shortly) with the youngest going to college this fall (the oldest still trying to work out his life plan).
We don't track our total NW for retirement planning purposes, but specifically our progress towards our three retirement goals:
1. Pay off the mortgage (currently ~$240k left, and should be paid off fully in about 3.5 years)
2. Fill up our Gap Year savings for age 51 - 60 (guessing here I don't know off the top of my head, but probably around $120 - $140k which is 2+ years of our anticipated spending)
3. Fill up our Traditional Retirement Savings goals for age 60+ (approximately $2M when we stop working at age 51ish - but not start to withdraw until it is hopefully around $2.5M - We have around $1 - $1.1M for this goal right now)
So bottom line is we are about 6-7 years from hitting our financial RE goals! Woo-hoo!