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Reply to "At what age will you retire and with how much?"
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[quote=Anonymous][quote=Anonymous]We are 45 with $3M ($500K home equity). Kids in 9th and 5th grade. Not planning on retiring till kids are launched (done with college), so around 56/57. We want to pay the entire undergrad tuition, so I would think we would retire with ~$5M. We are relatively high earners $500K HHI (since 2021), so should at min be at $5M when the kids are launched minus any tuition cost[/quote] How do you think you will get to almost double your money in the next 12 years? 500K is heavily taxed and you probably still have mortgage (Home equity seems low for this area for a fully paid home) and have to pay for college. Are you all market wizards who know how to multiply your money so fast doing low risk transactions?[/quote]
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