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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Congrats OP! We're at about $800K (early 30s), but I've been amazed at how fast it speeds up the more you get. Obviously I knew it intellectually, but the compounding power and getting money to make you money is REAL! Start early young people! [/quote] [b]Like I have posted before it took 13 years of diligent savings to get to the first million, but only 6 more years to reach the second million. Only 4 more years to reach the third million and then 2.5 years to $4 million. A year later and we are at $4.6 million. Not bad for two wage slaves in our early 50s.[/quote][/b] [b]How?[/b] Almost 40 here. DH and I are at about $1.3M which includes real estate equity. [/quote] Saving at least 30% of our net income (after pretax retirement contributions, which were always the max allowed) and investing in index funds.[/quote] Ouch. Did you actively have a target number to reach? We max our retirement and try to save what we can, but I'm wondering if we should have more concrete goals ($2M by 2022, etc). [/quote]
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