Hi team!
I'm moving from a lurker to a poster and joining this "group." I want to retire in 2026 (close enough) with $2 million and a paid-off house. We are lawyers and LCOL, with combined income of approx. $350,000 (with bonuses and retirement match). Annually, taxes about $110k, spending about $80k, savings about $150k. I realize that doesn't quite add up, but I'm not super into budgeting. Ages 33 and 34, one child on the way but plan to have two (FIRE ages 43, 44, 9, and 6?).
Current savings (not including house/cars) of $280,000 (50% 401k, 50% taxable) or 3.5x expected expenses of $80k. I want to travel the world, and am not interested in the $30k a year a lifestyle, especially since our child(ren) will be young and so we need to pay for their travel expenses as well. (Although 43 seems so old and far away :) ).
My 6 years in the workforce so far have gone to pay for $210k in combined student loans, a down payment, a wedding, 2 cars (go ahead and murder me), and a poor attempt at getting rich as a day trader (stay away from options, people, it's a bad idea).