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Reply to "Networth as a multiple of your income"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]~2x 37 45 Multiple of income is only relevant if one's standard of living requires a significant portion of the annual HHI. If one makes $2mm/year but only lives on $200K/year, then aiming for an arbitrary multiple of annual HHI will only distort the actual calculation of when accumulated savings are sufficient to fully fund retirement.[/quote] Most people spend everything they don't put away for retirement though.[/quote] Maybe in the real world, but not on DCUM. If you are maxing 2 401ks, IRAs, and saving for college, that's a big chunk of cash you are not going to need in retirement. [/quote]
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