Late 40s. We have about 3.5X our gross HHI saved. Is that ok?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Between our 401ks, brokerage accounts, and cash, we have about 3.5X our current HHI in financial assets. Not including home equity.

On the one hand, I'm proud of what we've been able to accumulate. On the other hand, 3.5X doesn't seem like a huge multiple if we ever want to stop working.

Where are others at in their late 40s??

There is no scenario where 3.5x is enough at that age.

If she had 10 million HHI and a 35 million net worth would that be a scenario in which it was enough? Particularly if she has a reasonable annual spend (even 1 million per year would be fine).

If she was making 10m a year and had a 35m net worth, she wouldn't be here asking strangers if this was enough.

Most likely, but the statement to which I replied said "There is no scenario where 3.5x is enough at that age," and as I said, that is incorrect.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Between our 401ks, brokerage accounts, and cash, we have about 3.5X our current HHI in financial assets. Not including home equity.

On the one hand, I'm proud of what we've been able to accumulate. On the other hand, 3.5X doesn't seem like a huge multiple if we ever want to stop working.

Where are others at in their late 40s??

There is no scenario where 3.5x is enough at that age.

If she had 10 million HHI and a 35 million net worth would that be a scenario in which it was enough? Particularly if she has a reasonable annual spend (even 1 million per year would be fine).

If she was making 10m a year and had a 35m net worth, she wouldn't be here asking strangers if this was enough.

Most likely, but the statement to which I replied said "There is no scenario where 3.5x is enough at that age," and as I said, that is incorrect.

If you take it literally, you are right. But this discussion is within the context of MC/UMC households on this board.
Of course, if your HHI is 1 trillion and you have 3 trillion saved, you have more than enough. That wasn't the point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Between our 401ks, brokerage accounts, and cash, we have about 3.5X our current HHI in financial assets. Not including home equity.

On the one hand, I'm proud of what we've been able to accumulate. On the other hand, 3.5X doesn't seem like a huge multiple if we ever want to stop working.

Where are others at in their late 40s??

There is no scenario where 3.5x is enough at that age.

If she had 10 million HHI and a 35 million net worth would that be a scenario in which it was enough? Particularly if she has a reasonable annual spend (even 1 million per year would be fine).

If she was making 10m a year and had a 35m net worth, she wouldn't be here asking strangers if this was enough.

Most likely, but the statement to which I replied said "There is no scenario where 3.5x is enough at that age," and as I said, that is incorrect.

If you take it literally, you are right. But this discussion is within the context of MC/UMC households on this board.
Of course, if your HHI is 1 trillion and you have 3 trillion saved, you have more than enough. That wasn't the point.

There was no point made by the original poster.