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Reply to "Did you have 3x salary in retirement by 40?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]At 40, I made $120K and I had about $1.4 million, so yes, much more. When my husband retired at 58, we had an HHI of about $300,000 and a net worth of $7 million. [/quote] $1.4 in a 401K or investment account?[/quote] Probably not. 18 years ago, 401k maxes were much lower.[/quote] This. I don't understand how this math works unless someone had a really rich stock plan from a company.[/quote] Unless the poster make some unusual investments, it sounds like a lie. Maxing out every year from age 22 to age 40, even with generous company matches, is unlikely to get you to $1.4m at age 40. [/quote] No, sorry, the $1.4 million was at age 58, not age 40.[/quote]
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