I'm probably in a similar situation. I dream about moving to a LCOL area in early retirement, but my parents and my in-laws all live nearby, and DH and I love the Bay Area, so I just don't know that we'll ever actually move. In the meantime, we're maxing out all our retirement accounts, saving a bit extra, and hoping our house continues to increase in value. Our son is 1, and we plan to make a decision before he starts kindergarten, so we've got a few more years to figure it out.