Reply to Milestone: Hit seven figures in retirement savings

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Lovely. We reached it at 50. Now at 60, we are at 2M.  It is a wonderful feeling.

Not counting our home, jewelry, cars, inheritance or social security.

Done with college for both kids, their weddings, their new cars, seed money for them when they started college, professional wardrobe, set up first apartment. We have a generous pension as well. Won't have to touch our retirement savings. [/quote]

OP here. You will eventually have RMDs, though... My kids are young and in school, so I still have more work to do, though I consider their 529 plans close to fully funded ($550k between the two).  I am not sure I will have enough to help them outside of college as much as you helped your kids - that was very generous!  I hope a fully funded education, a decent car, and maybe a $10k allocation per kid for their wedding is enough.  I hope to retire early, so my primary focus for the next 5 years will be to keep saving as much as possible in my brokerage account.   The law is a grind.

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Don’t put any more in 529. That’s enough for two young kids. I would focus on building your assets so you can retire. [/quote]

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