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College and University Discussion
Reply to "College Planning Upper Middle Class"
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[quote=Anonymous]All of the people doubting that OP can have amassed $3m in retirement accounts - it's more than feasible. I am 47 yo, and due to grad school and an unfortunate case of idiocy after I graduated, didn't start contributing ot a 401k until I was 29 - so 18 years ago. I have had a match for many of those years, sometimes generous, sometimes not. 18 years later, the account stands at more than $1.3m. I can easily believe that with two earners (thus access to two tax deferred plans), starting early, appropriately aggressive investments, use of backdoor Roths (which we, sadly, didn't do) and 5 more years OP and spouse have $3m. The math easily checks out. [/quote]
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