Background: I am 30, married with 2 kids.

Income: $72,000 plus $7,200 bonus Gross

Current annual expenses:

Charity -$8,760

Mortgage (PIT) -$11,748

Extra Mortgage Payments -$16,000

401k Contributions -$11,208

Total taxes (state, fed) -$5,700

Car Repairs/ Tires -$600

Car Registration -$104

Petrol -$2,160

Oil Changes -$270

Food -$3,640

Kids College Savings -$1,200

Utilities -$3,120

Monthly utility breakdown: ($52 Gas, $67.53 Electricity, $30 Water, $40 Sewer, $17 Trash, $54 Internet)

Car, House Insurance -$1,530

Clothes -$240

Christmas -$600

Other Gifts -$500

Household -$1,220

Cell Phones -$432

Annual Camping trip -$1,100

Annual family vacation -$1,200

Dates -$600

Life Insurance -$349

Hair Cuts -$80

Current annual expenses total: $72,361

Current annual expenses less extra mortgage payments and 401k contributions: $45,153

I figure with the extra mortgage payments and 401K saving my saving rate is currently 37%.

When the mortgage is paid off (see below) my savings rate will be 49%.

Expected ER expenses:

Same as above less mortgage related expenses and add $550 for medical insurance (best price quote from ehealthinsurence website).

Based on the above; annual ER need of $29,505, requiring $737,637 in capital.

Assets:

House worth: $135,000

Savings account: $20,000

401k balance: $89,000

Liabilities:

Mortgage: $57,600.00 @ 3.625%, 15 year fixed

Specific Question(s):

My first goal is to pay off the mortgage: I am putting $1000 a month extra here, along with my bonus (after taxes is $4000), and I plan on paying off the remaining balance when it is 10k with my savings. I should be mortgage free in May of 2016, i.e. 2 years.

After mortgage payoff I will be in savings mode. Should be able to sock away $3,040 a month or $36,480 per year. I calculated my 401k will have a balance of around $123,000 at that point. From the mortgage pay off date, I would be about 10 years from ER or 12 years from today.

Any ideas on how to do this faster? Do my calculations and assumptions look correct?

Any other face punching required?