diff --git a/cmd/metrics-v2.go b/cmd/metrics-v2.go
index c1793190a..56a71e449 100644
--- a/cmd/metrics-v2.go
+++ b/cmd/metrics-v2.go
@@ -58,6 +58,7 @@ func init() {
 		getCacheMetrics(),
 		getGoMetrics(),
 		getHTTPMetrics(),
+		getNotificationMetrics(),
 		getLocalStorageMetrics(),
 		getMinioProcMetrics(),
 		getMinioVersionMetrics(),
@@ -83,6 +84,7 @@ func init() {
 		getNetworkMetrics(),
 		getMinioVersionMetrics(),
 		getS3TTFBMetric(),
+		getNotificationMetrics(),
 	})
 	clusterCollector = newMinioClusterCollector(allMetricsGroups)
 }
@@ -127,6 +129,7 @@ const (
 	scannerSubsystem          MetricSubsystem = "scanner"
 	iamSubsystem              MetricSubsystem = "iam"
 	kmsSubsystem              MetricSubsystem = "kms"
+	notifySubsystem           MetricSubsystem = "notify"
 )
 
 // MetricName are the individual names for the metric.
@@ -1536,6 +1539,39 @@ func getCacheMetrics() *MetricsGroup {
 	return mg
 }
 
+func getNotificationMetrics() *MetricsGroup {
+	mg := &MetricsGroup{}
+	mg.RegisterRead(func(ctx context.Context) []Metric {
+		stats := globalConfigTargetList.Stats()
+		metrics := make([]Metric, 0, 1+len(stats.TargetStats))
+		metrics = append(metrics, Metric{
+			Description: MetricDescription{
+				Namespace: minioNamespace,
+				Subsystem: notifySubsystem,
+				Name:      "current_send_in_progress",
+				Help:      "Number of concurrent async Send calls active to all targets",
+				Type:      gaugeMetric,
+			},
+			Value: float64(stats.CurrentSendCalls),
+		})
+		for _, st := range stats.TargetStats {
+			metrics = append(metrics, Metric{
+				Description: MetricDescription{
+					Namespace: minioNamespace,
+					Subsystem: notifySubsystem,
+					Name:      "target_queue_length",
+					Help:      "Number of unsent notifications in queue for target",
+					Type:      gaugeMetric,
+				},
+				VariableLabels: map[string]string{"target_id": st.ID.ID, "target_name": st.ID.Name},
+				Value:          float64(st.CurrentQueue),
+			})
+		}
+		return metrics
+	})
+	return mg
+}
+
 func getHTTPMetrics() *MetricsGroup {
 	mg := &MetricsGroup{}
 	mg.RegisterRead(func(ctx context.Context) (metrics []Metric) {
diff --git a/internal/event/target/amqp.go b/internal/event/target/amqp.go
index 357e7a1bc..b9fa9997c 100644
--- a/internal/event/target/amqp.go
+++ b/internal/event/target/amqp.go
@@ -128,6 +128,11 @@ func (target *AMQPTarget) ID() event.TargetID {
 	return target.id
 }
 
+// Store returns any underlying store if set.
+func (target *AMQPTarget) Store() event.TargetStore {
+	return target.store
+}
+
 // IsActive - Return true if target is up and active
 func (target *AMQPTarget) IsActive() (bool, error) {
 	if err := target.init(); err != nil {
diff --git a/internal/event/target/elasticsearch.go b/internal/event/target/elasticsearch.go
index 0a0a31dae..80a9b81e1 100644
--- a/internal/event/target/elasticsearch.go
+++ b/internal/event/target/elasticsearch.go
@@ -167,6 +167,11 @@ func (target *ElasticsearchTarget) ID() event.TargetID {
 	return target.id
 }
 
+// Store returns any underlying store if set.
+func (target *ElasticsearchTarget) Store() event.TargetStore {
+	return target.store
+}
+
 // IsActive - Return true if target is up and active
 func (target *ElasticsearchTarget) IsActive() (bool, error) {
 	if err := target.init(); err != nil {
diff --git a/internal/event/target/kafka.go b/internal/event/target/kafka.go
index 06adbfcb2..4e181b68f 100644
--- a/internal/event/target/kafka.go
+++ b/internal/event/target/kafka.go
@@ -33,7 +33,7 @@ import (
 	"github.com/minio/minio/internal/logger"
 	xnet "github.com/minio/pkg/net"
 
-	sarama "github.com/Shopify/sarama"
+	"github.com/Shopify/sarama"
 	saramatls "github.com/Shopify/sarama/tools/tls"
 )
 
@@ -139,6 +139,11 @@ func (target *KafkaTarget) ID() event.TargetID {
 	return target.id
 }
 
+// Store returns any underlying store if set.
+func (target *KafkaTarget) Store() event.TargetStore {
+	return target.store
+}
+
 // IsActive - Return true if target is up and active
 func (target *KafkaTarget) IsActive() (bool, error) {
 	if err := target.init(); err != nil {
diff --git a/internal/event/target/mqtt.go b/internal/event/target/mqtt.go
index 960c48b77..4f83f55c7 100644
--- a/internal/event/target/mqtt.go
+++ b/internal/event/target/mqtt.go
@@ -121,6 +121,11 @@ func (target *MQTTTarget) ID() event.TargetID {
 	return target.id
 }
 
+// Store returns any underlying store if set.
+func (target *MQTTTarget) Store() event.TargetStore {
+	return target.store
+}
+
 // IsActive - Return true if target is up and active
 func (target *MQTTTarget) IsActive() (bool, error) {
 	if err := target.init(); err != nil {
diff --git a/internal/event/target/mysql.go b/internal/event/target/mysql.go
index 8e2fb31d9..7b985e7d5 100644
--- a/internal/event/target/mysql.go
+++ b/internal/event/target/mysql.go
@@ -165,6 +165,11 @@ func (target *MySQLTarget) ID() event.TargetID {
 	return target.id
 }
 
+// Store returns any underlying store if set.
+func (target *MySQLTarget) Store() event.TargetStore {
+	return target.store
+}
+
 // IsActive - Return true if target is up and active
 func (target *MySQLTarget) IsActive() (bool, error) {
 	if err := target.init(); err != nil {
diff --git a/internal/event/target/nats.go b/internal/event/target/nats.go
index 4c9f0b1db..fef12fe26 100644
--- a/internal/event/target/nats.go
+++ b/internal/event/target/nats.go
@@ -230,6 +230,11 @@ func (target *NATSTarget) ID() event.TargetID {
 	return target.id
 }
 
+// Store returns any underlying store if set.
+func (target *NATSTarget) Store() event.TargetStore {
+	return target.store
+}
+
 // IsActive - Return true if target is up and active
 func (target *NATSTarget) IsActive() (bool, error) {
 	if err := target.init(); err != nil {
diff --git a/internal/event/target/nsq.go b/internal/event/target/nsq.go
index 261958def..395d57a1d 100644
--- a/internal/event/target/nsq.go
+++ b/internal/event/target/nsq.go
@@ -105,6 +105,11 @@ func (target *NSQTarget) ID() event.TargetID {
 	return target.id
 }
 
+// Store returns any underlying store if set.
+func (target *NSQTarget) Store() event.TargetStore {
+	return target.store
+}
+
 // IsActive - Return true if target is up and active
 func (target *NSQTarget) IsActive() (bool, error) {
 	if err := target.init(); err != nil {
diff --git a/internal/event/target/postgresql.go b/internal/event/target/postgresql.go
index a74b52ac1..02d5d98b4 100644
--- a/internal/event/target/postgresql.go
+++ b/internal/event/target/postgresql.go
@@ -157,6 +157,11 @@ func (target *PostgreSQLTarget) ID() event.TargetID {
 	return target.id
 }
 
+// Store returns any underlying store if set.
+func (target *PostgreSQLTarget) Store() event.TargetStore {
+	return target.store
+}
+
 // IsActive - Return true if target is up and active
 func (target *PostgreSQLTarget) IsActive() (bool, error) {
 	if err := target.init(); err != nil {
diff --git a/internal/event/target/queuestore.go b/internal/event/target/queuestore.go
index a2df8504f..38d9f8922 100644
--- a/internal/event/target/queuestore.go
+++ b/internal/event/target/queuestore.go
@@ -19,11 +19,12 @@ package target
 
 import (
 	"encoding/json"
-	"math"
 	"os"
 	"path/filepath"
 	"sort"
+	"strings"
 	"sync"
+	"time"
 
 	"github.com/minio/minio/internal/event"
 )
@@ -36,9 +37,10 @@ const (
 // QueueStore - Filestore for persisting events.
 type QueueStore struct {
 	sync.RWMutex
-	currentEntries uint64
-	entryLimit     uint64
-	directory      string
+	entryLimit uint64
+	directory  string
+
+	entries map[string]int64 // key -> modtime as unix nano
 }
 
 // NewQueueStore - Creates an instance for QueueStore.
@@ -50,6 +52,7 @@ func NewQueueStore(directory string, limit uint64) Store {
 	return &QueueStore{
 		directory:  directory,
 		entryLimit: limit,
+		entries:    make(map[string]int64, limit),
 	}
 }
 
@@ -62,17 +65,24 @@ func (store *QueueStore) Open() error {
 		return err
 	}
 
-	names, err := store.list()
+	files, err := store.list()
 	if err != nil {
 		return err
 	}
 
-	currentEntries := uint64(len(names))
-	if currentEntries >= store.entryLimit {
-		return errLimitExceeded
+	// Truncate entries.
+	if uint64(len(files)) > store.entryLimit {
+		files = files[:store.entryLimit]
+	}
+	for _, file := range files {
+		if file.IsDir() {
+			continue
+		}
+		key := strings.TrimSuffix(file.Name(), eventExt)
+		if fi, err := file.Info(); err == nil {
+			store.entries[key] = fi.ModTime().UnixNano()
+		}
 	}
-
-	store.currentEntries = currentEntries
 
 	return nil
 }
@@ -91,7 +101,7 @@ func (store *QueueStore) write(key string, e event.Event) error {
 	}
 
 	// Increment the event count.
-	store.currentEntries++
+	store.entries[key] = time.Now().UnixNano()
 
 	return nil
 }
@@ -100,7 +110,7 @@ func (store *QueueStore) write(key string, e event.Event) error {
 func (store *QueueStore) Put(e event.Event) error {
 	store.Lock()
 	defer store.Unlock()
-	if store.currentEntries >= store.entryLimit {
+	if uint64(len(store.entries)) >= store.entryLimit {
 		return errLimitExceeded
 	}
 	key, err := getNewUUID()
@@ -146,44 +156,51 @@ func (store *QueueStore) Del(key string) error {
 	return store.del(key)
 }
 
+// Len returns the entry count.
+func (store *QueueStore) Len() int {
+	store.RLock()
+	l := len(store.entries)
+	defer store.RUnlock()
+	return l
+}
+
 // lockless call
 func (store *QueueStore) del(key string) error {
-	if err := os.Remove(filepath.Join(store.directory, key+eventExt)); err != nil {
-		return err
-	}
+	err := os.Remove(filepath.Join(store.directory, key+eventExt))
 
-	// Decrement the current entries count.
-	store.currentEntries--
+	// Delete as entry no matter the result
+	delete(store.entries, key)
 
-	// Current entries can underflow, when multiple
-	// events are being pushed in parallel, this code
-	// is needed to ensure that we don't underflow.
-	//
-	// queueStore replayEvents is not serialized,
-	// this code is needed to protect us under
-	// such situations.
-	if store.currentEntries == math.MaxUint64 {
-		store.currentEntries = 0
-	}
-	return nil
+	return err
 }
 
-// List - lists all files from the directory.
+// List - lists all files registered in the store.
 func (store *QueueStore) List() ([]string, error) {
 	store.RLock()
-	defer store.RUnlock()
-	return store.list()
-}
-
-// list lock less.
-func (store *QueueStore) list() ([]string, error) {
-	var names []string
-	files, err := os.ReadDir(store.directory)
-	if err != nil {
-		return names, err
+	l := make([]string, 0, len(store.entries))
+	for k := range store.entries {
+		l = append(l, k)
 	}
 
-	// Sort the dentries.
+	// Sort entries...
+	sort.Slice(l, func(i, j int) bool {
+		return store.entries[l[i]] < store.entries[l[j]]
+	})
+	store.RUnlock()
+
+	return l, nil
+}
+
+// list will read all entries from disk.
+// Entries are returned sorted by modtime, oldest first.
+// Underlying entry list in store is *not* updated.
+func (store *QueueStore) list() ([]os.DirEntry, error) {
+	files, err := os.ReadDir(store.directory)
+	if err != nil {
+		return nil, err
+	}
+
+	// Sort the entries.
 	sort.Slice(files, func(i, j int) bool {
 		ii, err := files[i].Info()
 		if err != nil {
@@ -196,9 +213,5 @@ func (store *QueueStore) list() ([]string, error) {
 		return ii.ModTime().Before(ji.ModTime())
 	})
 
-	for _, file := range files {
-		names = append(names, file.Name())
-	}
-
-	return names, nil
+	return files, nil
 }
diff --git a/internal/event/target/queuestore_test.go b/internal/event/target/queuestore_test.go
index f82395a71..7c5637d90 100644
--- a/internal/event/target/queuestore_test.go
+++ b/internal/event/target/queuestore_test.go
@@ -202,12 +202,33 @@ func TestQueueStoreListN(t *testing.T) {
 		t.Fatalf("List() Expected: 10, got %d", len(names))
 	}
 
-	if err = os.RemoveAll(queueDir); err != nil {
+	// re-open
+	store, err = setUpStore(queueDir, 10)
+	if err != nil {
+		t.Fatal("Failed to create a queue store ", err)
+	}
+	names, err = store.List()
+	if err != nil {
 		t.Fatal(err)
 	}
 
-	_, err = store.List()
-	if !os.IsNotExist(err) {
-		t.Fatalf("Expected List() to fail with os.ErrNotExist, %s", err)
+	if len(names) != 10 {
+		t.Fatalf("List() Expected: 10, got %d", len(names))
+	}
+	if len(names) != store.Len() {
+		t.Fatalf("List() Expected: 10, got %d", len(names))
+	}
+
+	// Delete all
+	for _, key := range names {
+		err := store.Del(key)
+		if err != nil {
+			t.Fatal(err)
+		}
+	}
+	// Re-list
+	lst, err := store.List()
+	if len(lst) > 0 || err != nil {
+		t.Fatalf("Expected List() to return empty list and no error, got %v err: %v", lst, err)
 	}
 }
diff --git a/internal/event/target/redis.go b/internal/event/target/redis.go
index d448d0d9b..cfc15a132 100644
--- a/internal/event/target/redis.go
+++ b/internal/event/target/redis.go
@@ -133,6 +133,11 @@ func (target *RedisTarget) ID() event.TargetID {
 	return target.id
 }
 
+// Store returns any underlying store if set.
+func (target *RedisTarget) Store() event.TargetStore {
+	return target.store
+}
+
 // IsActive - Return true if target is up and active
 func (target *RedisTarget) IsActive() (bool, error) {
 	if err := target.init(); err != nil {
diff --git a/internal/event/target/store.go b/internal/event/target/store.go
index 07733fcea..199c21a9e 100644
--- a/internal/event/target/store.go
+++ b/internal/event/target/store.go
@@ -41,6 +41,7 @@ var errLimitExceeded = errors.New("the maximum store limit reached")
 type Store interface {
 	Put(event event.Event) error
 	Get(key string) (event.Event, error)
+	Len() int
 	List() ([]string, error)
 	Del(key string) error
 	Open() error
diff --git a/internal/event/target/webhook.go b/internal/event/target/webhook.go
index c2156bf08..9b16893ad 100644
--- a/internal/event/target/webhook.go
+++ b/internal/event/target/webhook.go
@@ -115,6 +115,11 @@ func (target *WebhookTarget) IsActive() (bool, error) {
 	return target.isActive()
 }
 
+// Store returns any underlying store if set.
+func (target *WebhookTarget) Store() event.TargetStore {
+	return target.store
+}
+
 func (target *WebhookTarget) isActive() (bool, error) {
 	ctx, cancel := context.WithTimeout(context.Background(), 5*time.Second)
 	defer cancel()
diff --git a/internal/event/targetlist.go b/internal/event/targetlist.go
index b998ee2dc..f9988e897 100644
--- a/internal/event/targetlist.go
+++ b/internal/event/targetlist.go
@@ -19,6 +19,7 @@ package event
 
 import (
 	"fmt"
+	"strings"
 	"sync"
 	"sync/atomic"
 )
@@ -35,6 +36,26 @@ type Target interface {
 	Save(Event) error
 	Send(string) error
 	Close() error
+	Store() TargetStore
+}
+
+// TargetStore is a shallow version of a target.Store
+type TargetStore interface {
+	Len() int
+}
+
+// TargetStats is a collection of stats for multiple targets.
+type TargetStats struct {
+	// CurrentSendCalls is the number of concurrent async Send calls to all targets
+	CurrentSendCalls int64
+
+	TargetStats map[string]TargetStat
+}
+
+// TargetStat is the stats of a single target.
+type TargetStat struct {
+	ID           TargetID
+	CurrentQueue int // Populated if target has a store.
 }
 
 // TargetList - holds list of targets indexed by target ID.
@@ -166,6 +187,26 @@ func (list *TargetList) Send(event Event, targetIDset TargetIDSet, resCh chan<-
 	}()
 }
 
+// Stats returns stats for targets.
+func (list *TargetList) Stats() TargetStats {
+	t := TargetStats{}
+	if list == nil {
+		return t
+	}
+	t.CurrentSendCalls = atomic.LoadInt64(&list.currentSendCalls)
+	list.RLock()
+	defer list.RUnlock()
+	t.TargetStats = make(map[string]TargetStat, len(list.targets))
+	for id, target := range list.targets {
+		ts := TargetStat{ID: id}
+		if st := target.Store(); st != nil {
+			ts.CurrentQueue = st.Len()
+		}
+		t.TargetStats[strings.ReplaceAll(id.String(), ":", "_")] = ts
+	}
+	return t
+}
+
 // NewTargetList - creates TargetList.
 func NewTargetList() *TargetList {
 	return &TargetList{targets: make(map[TargetID]Target)}
diff --git a/internal/event/targetlist_test.go b/internal/event/targetlist_test.go
index 1958611ff..07e85594b 100644
--- a/internal/event/targetlist_test.go
+++ b/internal/event/targetlist_test.go
@@ -40,6 +40,11 @@ func (target ExampleTarget) Save(eventData Event) error {
 	return target.send(eventData)
 }
 
+// Store - Returns a nil store.
+func (target ExampleTarget) Store() TargetStore {
+	return nil
+}
+
 func (target ExampleTarget) send(eventData Event) error {
 	b := make([]byte, 1)
 	if _, err := rand.Read(b); err != nil {