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[quote=Anonymous][quote=Anonymous][quote=Anonymous].[/quote]

We went from $200k to almost $700k. Let me tell you my guiding principle: I do not assume it will last. Yes I max out 410k and the measly 529s, but I have not added a cent to vacation funds. There is actually good data on this. Lots of people will briefly be in the top 1%, but few people stay. We're very focused on investments and savings, but still live like we make $350k. Among other reasons, I've watched other families fall out of the tippy top class and it was hard on their kids. [/quote]

We have a similar view.  We’ve been making around 500k and may hit 600k this year.  We have a mortgage based on  assuming we’d drop to about 300-350..  We send our kids to public school and take nice, but not $$$ vacations.  We have spent some money on our home and a couple of nicer things, but private school, mortgage and other fixed expenses are things we are avoiding.

For you OP, I think taking an international vacation or buying a new wardrobe is no big deal.  It is getting used to private school, a very large mortgage payment, expense car leases, those things when your income drops - that is hard.  Personally, I’d pay off the house after saving a seven figure post-tax nest egg.  But first a huge post-tax nest egg.   [/quote]

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