>>>>Your theoretical approach appears to be correct but just one question. How do you plan on living comfortably over the next 10 years at $32,000 per? Am I missing something?<<<<

32K is a lot of money unless, I suppose, you are in an area with a high cost of living. I have a wife and two children, ages 8 and 6... and I don't see any reason we couldn't get by on that right now. (Our household income is more than that.... but not by any great magnitude.) We are very happy in our modest but nice house in our modest but nice neighborhood.

By the time I retire, I'll no longer have a house note, and another loan that takes part of my monthly check will also be paid off. My question to you is.... why *couldn't* you live comfortably on 32K/year? Am *I* missing something?

Regards,

orangeblood