Networth as a multiple of your income

[Anonymous]

Yep, I've read the three million "what is your net worth threads". This is another one.

Please share:

1. The ratio of your net worth to your HHI. E.g. is your net worth 5 times your HHI, or 0.2 times?
2. Your age
3. Age at which you intend or hope to retire

[Anonymous]

1. about 14 times (but mostly home equity so not accessible)
2. 42
3. as early as possible!

[Anonymous]

Who even calculates this crap? We're 35, bought our first house 12yrs ago (thank God!) And have been maxing out 401k ever since. We keep cash reserves near 100k and that's about it.

Have no idea when we'll retire. 70 maybe? I'm not sure we're even the retiring types.

[Anonymous]

Eight times

[Anonymous]

Anonymous wrote:Who even calculates this crap? We're 35, bought our first house 12yrs ago (thank God!) And have been maxing out 401k ever since. We keep cash reserves near 100k and that's about it.

Have no idea when we'll retire. 70 maybe? I'm not sure we're even the retiring types.

People who track their spending and their budget and pay an interest in their finances.

[Anonymous]

Seriously why on earth would you spend 30 whole seconds of your very valuable time doing this calculation

[Anonymous]

30 times (inheritance).
37
Around 50 hopefully

[Anonymous]

1. 3x
2. 38
3. 65

[Anonymous]

Anonymous wrote:

Anonymous wrote:Who even calculates this crap? We're 35, bought our first house 12yrs ago (thank God!) And have been maxing out 401k ever since. We keep cash reserves near 100k and that's about it.

Have no idea when we'll retire. 70 maybe? I'm not sure we're even the retiring types.

People who track their spending and their budget and pay an interest in their finances.

This is a figure I know constantly. Mint figures it out for you for the most part. It is a good metric for making sure that you are always going in the right direction.

[Anonymous]

4-5x (not including 2 pensions)
36/38
53/55

[Anonymous]

Seems sort of silly.

5x
35
65

We have $1,5M - goal is $6M

[Anonymous]

13x
44
Don't have a target

[Anonymous]

Anonymous wrote:

Anonymous wrote:Who even calculates this crap? We're 35, bought our first house 12yrs ago (thank God!) And have been maxing out 401k ever since. We keep cash reserves near 100k and that's about it.

Have no idea when we'll retire. 70 maybe? I'm not sure we're even the retiring types.

People who track their spending and their budget and pay an interest in their finances.

Meh. I'm good. Bought a house well over a decade ago, we have over 600k in our 401k and we're 35. We bought whole life policies in our 20s, so we have low premiums.

Spending bis tracked and documented very 3 days down to every penny.

[Anonymous]

2x
40
Don't know. Want to be able to retire at 55 or so.

I don't know how on earth some of these multiples are possible unless people had a windfall (maybe in real estate) or a big inheritance.

[Anonymous]

Anonymous wrote:2x
40
Don't know. Want to be able to retire at 55 or so.

I don't know how on earth some of these multiples are possible unless people had a windfall (maybe in real estate) or a big inheritance.

Most are not. Lots of role playing on the internet.