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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Im in a peculiar position. Wife and I have roughly 1M in investments excluding home equity. We are early 30s. We are on track to reach 4M by the time I’m 45. We would have enough to stop working by age 42 or so (ie pay mortgage, essentials, travel, and some specific splurges). We still need to keep saving the way we are now for 5 more years at least but I see the snowball forming and it’s intimidating.

What will I do at age 45 when we have all that money in the bank? Do people stop working? I don’t necessarily want to get a bigger house or buy a Ferrari or stuff like that. Just thinking about the “not having to work” is nuts.

What have yall that are in a similar situation done? Gone part time? Spend more time with family?[/quote]

People who have a net worth of 5M do not stop working LOLOLOLOL!!!  That's not FU money. I'm 48 high NW and still go to work like everyone else.[/quote]

Yeah, that's BS, a lot of people stop working with a lot less than this, they just have a lot less in expenses.  Also, you could have a high NW and low cash flow, which is the reason HNW feel like they don't have ability to splurge or retire. Because their money isn't here to spend today, they have to wait till they are 65.  A lot also don't want to get hit with tax bills from selling assets.  If you don't have enough on liquid brokerage accounts or rental RE that cashflows, then you feel like it's never enough.  Because you cannot cover your expenses without your income.  You are not financially independent [/quote]

sorry, very very few people in their 40s worth 5M retire at that time. No matter how that 5M looks. I have rentals, I have dividends, and I have a large Roth along with all the “regular” crap. I have HNW friends and family , it’s just where i grew up and the family i’m from. I do t know a single person who has retired in their 40s.

Just because there is a huge lower middle class in America who do it on less doesn’t mean anything compared actual wealthy people. [/quote]

Exactly!  Because most worth that much in their 40s don't want to live on $50K per year.  They have kids, family, and want to enjoy lifestyle they are accustomed to.  Also most who are worth that much in 40s actually like what they do and are good at it, so why would they give it up so early? 
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