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Reply to "If your HHI is $450k, what is your retirement number"
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[quote=Anonymous][quote=Anonymous]Help me understand how there’s many folks here are in their 40s and have > $5MM in retirement accounts. I am 44 (DW is 46, SAHM), making ~700K/year (only the last few years, prior to that was ~350k), and have a net worth of $3.1MM. Granted I only started putting money in 401k/brokerage starting 10 years ago (have now 700k in retirement/brokerage accounts). How did everyone accelerate to >$5MM at this same age range?[/quote] You spend way too much damn money. We are 42 and I have been a SAHM for 16 years, since we were 26. DH started out making $165k (first year Big Law) but a few years later left that and has never made over $450k, and even that only recently. We have a NW over $4M not counting 529s that are fully funded and not counting the equity in our home (roughly $800k.) You are living too fancy a life to accumulate wealth at the rate that we are. Its simply arithmetic. [/quote]
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