AN,
I think it’s great that you save lots of money and I wish you the best in reaching. I do think it will be difficult to continue saving $12K a year until you are age 86 but maybe you have great genes. Maybe you’ll live to be 200 and your nest egg will make you the richest person on the planet. Personally, I plan on retiring by age 60 myself and am on track to do so in a home I own free and clear. My house is my families home and I do not view it as a financial instrument like so many others do. It is the place my children live and go to sleep each nite feeling safe and secure. It is home to a dog, 7 fish and 8 tadpoles (soon to be frogs). It is the cornerstone of my family and has value beyond financial terms to me. This is part of the reason why I do not equate a rental payment with what it costs me to live in a home. Someday you may understand this. I hate that housing prices are so high. I loose sleep for my clients and cannot wait until the market returns to sane place where hard working people can afford to life in nice homes.
One little tidbit of advice as I sense you are still pretty young. Stuff happens to good people all the time, sometimes bad stuff, jobs change, economies change, kids get sick, kids go to to college, kids get married, people get disabled and even die. If you are saving alot now keep up the great work as it gets harder as you age and life gets more complex. Best Wishes SDR
