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[quote=Anonymous][quote=Anonymous]Yes PP 11:52- it's OP and you are one of the people nitpicking this to death.  If you know how to do compounding in Excel start with time zero at $0 take $40K in new contributions per year and compound it by 7%.  Then take the next 15 years with new contributions at $50K per year and compound it by 7%.  That gives you almost exactly $3M. Obviously that's not exactly how it worked out for us but just to show you it's possible.
  
I'd really prefer to get back to my OP which is about how much philosophically to contribute to college and potential med school. [/quote]

I'm actually having fun trying to figure out how your scenario plausibly works in the real world. You'd have to be setting aside 40k in contributions for the first ten years of your working life starting mid 20s, going back to approximately 1995. That's amazing for your income level as you likely were only making a fraction of your current income in 1995-2005. For example, BIGLAW associate salaries were below 100k till about 2000ish when the first firms in NYC started crossing the six figure threshold for new associates. Consultants right out of college or grad school made 50ish. There were very few occupations that paid six figures to people in their 20s at that time, but as other posters pointed out, if you were making six figures or close in your 20s, 25 years ago, you should have much higher HHIs today. Unless, of course, you scaled back in your careers, which is plausible. But unusual. Even with, say, a generous 150k HHI between two people in their 20s-mid 30s in the 1995-2005/08 time frame (the kind of income that could see you leverage up to 275k today) it's impressive to pay your taxes, still make your 40k in contributions, and still manage to live and start a family. No mortgage? No home repairs? No cars to buy? No child expenses? [/quote]

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