Reply to $7M vs $10M

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Reply to "$7M vs $10M"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] I retired at 53 with a 4.5 million net worth. Nine years later my net worth is 7.5 million and I’m living large. But hey you all keep telling yourselves that ain’t enough money. It’s cool - you’ll live forever I’m sure. Have fun with all your money sitting around in diapers in your 80s and 90s![/quote]

You post this in SO. MANY.THREADS. You sound insufferable, no matter your nw.[/quote]

You’d only know how often I posted if you were on all of those same threads.  So without posters like me, what would you be reading?  You should be grateful, not scornful.  [/quote]

DP but there's a difference between reading threads and dominating them.  You definitely like to share your testimony but it's not really something for the rest of us to be grateful for to see the same guy make the same point with the same numbers down to the decimal point in every subforum.

And it's a little funny that you've included a dig here about how people are wasting their lives working when they could be smart like you and retire to . . . post 8 hours a day on DCUM.  We're here because we're wasting time at work.  Why aren't you out traveling or gardening or sailing a boat or something?[/quote]

For every post like yours I get another thanking me for my perspective.

I can post anywhere and everywhere and as much or as little as I like.  You, in turn, are equally free to ignore everything I write.

Bottom line:  I don’t have to explain or justify myself to you.

You go back to stealing from your employer now.

[/quote]

NP.  I definitely recognize your threads and certainly don't complain about them.  I'm not sure, though, if your intent is to encourage others to think retiring with $4.5 M is feasible or to suggest that your own lifestyle is enviable.  In particular, you often talk about how your NW has actually increased - and it's unclear whether you're chalking that up to extreme good fortune, routine financial management for a HNW individual, or exceptional financial acumen on your part.  [/quote]

Thanks for your questions / observations.

I retired close nearly a decade ago with that number.  I just calculated that accounting for inflation what I retired on would be 5.8 million today.  So, no, I guess I can’t necessarily advocate retiring on 4.5 million today.  But I do think it’s probably still doable.

My net worth has increased to what it is now because of three things in the following order:  the stock market, the real estate market, and an inheritance on my spouse’s side in the low six figures.  I haven’t had any extraordinary luck and certainty don’t have extraordinary financial acumen.  Just keep in mind that having $2.5 million invested in the S&P 500 fund starting in 2015, with dividends reinvested, would be worth nearly $6.4 million today.  If anything I’m probably behind where I should be.  [/quote]

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