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Reply to "What is your net worth if you are 55 years of age"
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[quote=Anonymous]61, single, about 4.5M net worth. About 450K equity in my house. $300K in cash and short-term stuff to deal with sequence of return risks in early retirement. About $600K in my brokerage, and the remainder in various pre-tax retirement accounts. I’m a very middling biglaw lawyer who managed to hold on my entire career by the skin of my teeth. My ex never really worked and the late-in-life divorce really did a number on my net worth. I’ve been scrambling to make it up the best I can, but I’m ready to retire in a year or two regardless. It might not be the extravagant retirement of some of my colleagues, but I’m going to enjoy it earlier and there’s plenty to have an extremely comfortable life. A good comp year with a high savings rate and a small inheritance from a parent mean my net worth is roughly comparable to last year at this time, if not a tad more, despite the market downturn.[/quote]
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