Reply to Is saving/investing actually a crappy way to get rich?

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[quote=Anonymous][quote=Anonymous]I'm 50 and my husband and I [b]have a net worth of $3M[/b] and he can retire in 5 years with a government pension.[b] I think we have managed to get pretty rich saving/investing,[/b] since we have:
-- a house (owned outright) worth $1M because we bought a small/old starter home, never traded up, refinanced from 7% all the way down to 2.75% as rates went down, made improvements out of our income, and took advantage of appreciation
--a 401(k) worth $1M earned through contributions that I increased from probably $500 or $1000 a year when I started working to the maximum in the last 5-10 years (as kids got older), which have grown
--my spouse's 401(k), which has grown to $1M the same way
--no school debt (law and business school) since we aggressively paid both off in 10 years by not overcommitting to housing costs

He can retire while I still work since we paid off the house, he can collect his pension at 62, we can start 401(k) withdrawals at 65, and wait to 70 to collect SS. [b]We will be pulling down something like $200K a year[/b] just in pension, SS, and minimum required withdrawals. Seems like plenty for 2 people.  [/quote]

You are comfortable but not rich. [/quote]

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