While he's paying the house payment, I would continue to save money. When you can sell the house, I would and buy a house 200k or less, leaving you about 300k. Take 15k for an EF, then invest the rest in Growth stock Mutual Funds with a 10 year track record of 10% or more. You should be able to have around 1 million by age 65 with a payed for home. Good luck.
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