Wife is an Aggie said:
Man you guys who are having kids in your 40's is my current biggest fear. Our kids will graduate high school in our early to mid 40s assuming I don't slip any more past the goalie.
My plan is that we have mortgage paid off before kids leave for college. With my current investments and annual contributions I think I could definitely be in shape to retire mid 50's but way too far away and way too many variables.
Not quite in my 40s but about to have our first of at least a couple. It's later than I would have thought if you'd have asked me when I got married at 24, but I'm not worried in the least. We haven't squandered our DINK days, and the wife never even made that much, as she was in the non-profit world. Our retirement at 60 is basically set as we stand right now and we have plenty to savings and income, and no debt but the house, to get a jump on saving for college and such.
There are certainly people out there that we know who have spent their 20s and 30s living high on the hog before starting to have kids, with little to show for it, but it's still manageable.