Hi there
BuzzLY, you are on the right track there, although it is a
little more complicated than that.
The light that has been travelling for the longest time to reach us is the Cosmic Microwave Background Radation, and it has been travelling for 13.7 billion years. CMBR photons have been hitting the Earth throughout history, but the CMBR photons that are hitting us today were originally emitted only 42 million light years away. Due to the expansion of the universe, the coordinate that those photons were emitted from has receded to around 46 billion light-years by now.
We have seen light from galaxies that has been travelling for nearly 13 billion years. Those galaxies were only 3.5 billion light-years away when that light was emitted, and the region of space that those galaxies were in has now receded to around 29 billion light-years away, due to the expansion of the universe.
See
The Distance Scale of the Universe for more information about the different ways astronomers and cosmologists have to measure distance.
To summarise the most commonly used distance measures:
Light-Travel Time The time that light has been travelling.
Angular Diameter Distance The original distance the light was emitted from.
Comoving Radial Distance The distance that emission point will have receded to, due to the expansion of the universe.
The light-travel time is the one most commonly used, but when it is used for distant objects it tells us
neither where that object was, or where it is now, it simply tells us how long the light has been travelling for.
The best measurement to use is the redshift, which is usually given as the factor z.
Here is a little list of the different distance measures used in the current mainstream model of the expanding universe.
Light-travel time.
z=0.1___a galaxy whose light is 1.2 billion years old.
z=0.5___a galaxy whose light is 5 billion years old.
z=1____a galaxy whose light is 7.7 billion years old.
z=1.4___a galaxy whose light is 9.1 billion years old.
z=7_____a galaxy whose light is 12.9 billion years old
z=1089___the CMBR, which is 13.7 billion years old.
Angular diameter distance.
z=0.1___a galaxy that was 1.2 billion light-years away
z=0.5___a galaxy that was 4 billion light years away
z=1____a galaxy that was 5.4 billion light years away
z=1.4___a galaxy that was 5.7 billion light-years away
z=7_____a galaxy that was 3.5 billion light-years away
z=1089___a CMBR photon that was emitted 42 million light-years away.
Comoving distance.
z=0.1___a coordinate that has receded to 1.35 billion light-years away.
z=0.5___a coordinate that has receded to 6.1 billion light-years away.
z=1____a coordinate that has receded to 10.8 billion light-years away.
z=1.4___a coordinate that has receded to 13.8 billion light-years away.
z=7_____a coordinate that has receded to 29 billion light-years away.
z=1089___a coordinate that has receded to 46.5 billion light-years away.