Debt killer

[manonfire1007]

It's time to go after the debt. 235k on the house and 310 in student loans. Pay 4700 a month on them now (15year mortgage). 60k invested.
Paying 6700/ mo on debt to have loans knocked out in 6 years and house in 8.5 years. Maxing out 401k as an hce and deferred comp plan maxed. Once debt is done, additional 4500/mo in savings with vanguard.
Minus debt and mortgage I live on 6k/mo. By no means badass, but I'm the only one pushing the fam this direction, and 6k is 2/7 of my pretax. Once debt is gone there will be a 9k gap/mo between what we earn and what we spend.
Shooting for 55 retire with 2mil.
This is the plan, it is in motion, and we will stick to the plan.
Thoughts?

[Grimey]

So, you are 44 now with 60K in your account.  You want to have 2MM in 11 years...  In that time you plan to pay off 545K in debt also.

I'm trying to do the math... As I punch the numbers into my spreadsheet.  The 401K max is 17500 for the next 6 years until you are eligible for the higher amount starting at 50 yrs old.  Then in 8 years, you boost your savings an additional 54K for three (or more) years.  I'm not sure how much additional deferred comp you have...

I don't see how you get to 2MM without extraordinarily good returns... Like consistent 12% year-over-year.... Even then, 57 yrs old is more like it.

My sniff test says "too optimistic"... But the devil's details may factor in... Like housing value both increasing and being part of your valuation.

[manonfire1007]

I think so, too. Good thing I'm 37.😀
Missing those 7 years would make it tough to do. 
With that data (which I obviously should have made more clear), what do you think?

[manonfire1007]

Age corrected (thanks) and 401k rules are different for an hce. We have the 17500 limit but also the additional limit imposed by the company via fed rules to a certain percentage (mine is 6.5) that is bas d on how many other non hce contribute to thier 401k. If my gross is 260k

[Bob W]

For me it matters what the interest rates are?   Personally at today's interest rates I would do a 30 year mortgage at 4% and keep investing in stocks.   

The student loans may be low interest as well?

I'm thinking you are living a pretty extravagant lifestyle?   So it is a matter of your priorities and self discipline.   

Most people here advocate for living well below your income means, killing debt and investing like hell.  If you follow that very basic formula you will be able to retire way before age 50.  Of course your spouse may disagree. 

I'm soon to be 55 by the way.  I can honestly tell you that 55 is old for me.  Body is old.  Most people consider a 1959 car very old.

[manonfire1007]

I absolutely agree with that. I believe that I do live higher than I should. The current arrangement  took some serious wrangling. It's the blend I can live with for some marital harmony. I would like to be able to retire in early 50s. Once I kill debt t I may be able to renegotiate the amount we save.
I wonder if the reason I am more focused on retirement is that it is my body that reminds me and me alone of the miles I'm putting on it. It won't go forever.