Thanks for the clarification, Bostonian. Of course it's a little difficult to predict what our income will be when my oldest child reaches 18 (I currently work half-time), but that calculator does give me a livable number. Of course, I'm hoping to save more for college by then, but I didn't up that # much. I actually suspect that we would be better off NOT saving very much for college (and putting our "excess" money into retirement accounts instead--aren't those pretty much sacrosanct?), given that our total income is still likely to be under 6 figures by the time our kids reach college age.
Last edited by ultramarina; 03/29/12 06:12 AM.
