I just added up our retirement totals for August 1st and we're within $5000 of our $150,000 goal this year. We started with $116,599.75 at the beginning of the year and we've contributed quite a bit this year. I have one more month of adding 16% of my income to my 401k before I need to back it down to the 5% to just get the company match. I want to max out my 401k but I want the match so its a balancing game, especially because I'm on commission.
I've mentioned it before but the reason that I'm focusing so much on retirement is because I don't know what the future holds. What if I'm disabled tomorrow and never able to work again? Also, my in-laws just retired and I worry for them. I hope they have enough money to last. My mother-in-law retired just before she turned 59 so that is young to retire.
If all goes according to plan (which I know rarely happens), I do want to be able to retire and travel without worrying about money at every twist and turn. I want to have less stress in retirement, not worry about money. I will probably be worried about our health and kids at that point.