How much would you have to make such that an additional 300k a year wouldn’t make a big difference?

[Anonymous]

Our HHI is $800k and $300k would make a huge difference. More for retirement, more for college etc. So, I guess to answer the question: $1.2 million +

[Anonymous]

I cant imagine not caring about $300k. I think I'd have to win the lottery honestly.

I make far less right now, so $300k seems massive.

[Anonymous]

Anonymous wrote:I’d say 700+

We make 800k and think 300k would add to my sense of security. I'd probably save all of it until my NW is above 10M, then relax, and it wouldn't be that big of a deal after 10M. We just started making this after some years between 400-600k. I think we're behind in NW, so I feel the insecurity.

[Anonymous]

1.6m

[Anonymous]

Where it would make a difference is in our annual savings. If my income is $500k and I save $100k, $300k would make a big difference. Once I got past $500k in income my lifestyle didn’t change much but my savings rate increased dramatically.

[Anonymous]

As was noted above, government will likely take somewhere around 40%, give or take. So you’re netting an additional $15k/mo.

My HHI is around $450k and my initial thought was $300k wouldn’t be that noticeable. Breaking it down monthly, I think it changes my answer. I think I would notice an extra $15k/mo in tangible ways.

[Anonymous]

Anonymous wrote:We make $300K. Another $300K wouldn't make a difference.

I totally disagree. I feel it would double my income LOL.

[Anonymous]

My husband I made a combined $950k this year. I dont think an extra $300k would.l change much. We still do whatever we want, paid cash for our nice cars, eat out and vacation and still save a few hundred K a year

[Anonymous]

Idk, I think it would always make a big difference under maybe $3M per year. With an extra $300K, I'm probably buying another investment property every two years.

[Anonymous]

My income increased from about $650k to $950k over the last 5 years. While our lifestyle did not change, we are able to save more. So the extra $300k do make a difference.

[Anonymous]

If it’s from a lottery, 300k for the rest of my life, it would make a huge difference.

I would retire today instead of about 8 years from now!

[Anonymous]

I had a one time event of high income. I got laid off my old job got one years severance payable over 52 weeks. But I got a new job with a 3 percent raise 3 weeks later. To added to it my old company paid out all bonus money and unvested stock plus a sign on bonus.

I went from $330k I come in 2016 to $950k Income in 2017.

It was just such a bump I could not keep up with it

[Anonymous]

After 2m, 300k is really just extra savings or padding for extra spending ( vacations, etc). I’d say after 3-4 m, it really isn’t very relevant.

[Anonymous]

Assets matter for this question, as do lifestyle goals and ages of children, if any. We hit a point where I had zero rational financial worries about a decade ago when our kids were in MS and elementary and I was making $150k and DH around $350k depending on bonus. Now with 2 kids through college and 1 in HS, I make $190k and DH around $1 million, and the only thing that’s different is we felt comfortable recently paying cash for a large renovation.

I think I’ll be nervous about retirement no matter how much we have saved, though. Judging from this board, I’m far from the only person who has irrational anxiety about the thought of mostly spending after all these years of saving. I wonder if there are therapists who specialize in helping people who grew up financially insecure and can’t shake the feeling?

[Anonymous]

dH and I make about $750K combined. An extra $300K in income wouldn't change our lives (we'd just save it), what would change our lives and decrease our stress is a guarantee that we would both be able to work until 55.