Is it normal to wait for someone you love?

Idk what to do with my boyfriend or whatever he is. I know I love him and we recently expressed our feelings to each other after so much questioning from me to him. He just reassured me that Im his target to be in a long-term relationship but that would be fine if it was just a few months but after a year? Idk...I want to be okay with it but why is he so hesitant about it? One, we're long distance and two, he finally got a job after college and he really wants to focus on that. He recently has been showing me and proving himself that I do mean something to him. He's been acting like my bf but in our conversation, he was saying what is the difference between calling me "his girl" and "his gf?" He was like "is that sucha big deal to you?" It is a big deal but at the same its not so what is the problem calling me your official gf? Like i said, he mentioned how Im his "target" to make happy and make his gf but how much longer is it going to take? especially that we're long distance. I could end it possibly because when Im trying to give him my all, he gives me partial, and again, we're long distance. But because I am in no hurry to be in a relationship right now, I'm like why should I even bother him about it? Why can I just leave it alone and continue making progress like we have been especially recently, even if it takes years to finally be serious and possibly marry? The long distance thing does make a big impact on us making progress so thats another reason why I feel like I should just chill and continue with him. Basically in our conversation, I think what he was trying to say by "target" is "wait for me if you really want us to be together but if you can't do that, then we should just go our separate ways." BTW, we were pretty drunk but still remember everything that happened, it was just we were extra emotional. So what do I do? Leave because he doesn't love me like I love him? or wait because I do love him and he sees potential and Im in no rush to be in a relationship anyways? except with him only. Its my love for him that makes me go crazy and want to be with him in a relationship, otherwise I wouldn't bother.