Anonymous
Post 06/15/2026 10:26     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:Through a combination of inheritance and saving from our 150k+250k jobs we hit $2.8M investable assets in our early 30’s. Inherited about $1M several years ago from a relative who passed away and put in VOO, now it’s doubled.

We just realized that even if we live very frugally and save $10k a month, the difference in 30 years between saving this much and nothing is $50 million vs $68 million based on 10% average return in S&P 500 (which I very much realize is not guaranteed and stocks go up and down).

So why should we even save at this point? Fully intending to work till our 60’s since we enjoy our careers. Might as well enjoy our paychecks to the fullest and let the $2.8 mil compound with no further contributions.


What a horrible existence.
Anonymous
Post 06/15/2026 10:26     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
At that point saving is mostly to take advantage of tax loopholes and making sure money grows in the best way. You might as well put money toward 401k to avoid paying tax. Stuff like that. Not because you need the money later
Anonymous
Post 06/15/2026 07:52     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Money or no money, how did you decide that spending your paychecks equals 'enjoying it'?
For me, not working equals enjoying it for so many reasons.
Anonymous
Post 06/12/2026 14:18     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:401k doesn't count as a millionaire that is retirement, you need millions in liquids or stock that you can use


Shut up.
Anonymous
Post 06/12/2026 11:49     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Why are the options to live frugally and save $10K a month or save nothing?

Anonymous
Post 06/12/2026 11:44     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Through a combination of inheritance and saving from our 150k+250k jobs we hit $2.8M investable assets in our early 30’s. Inherited about $1M several years ago from a relative who passed away and put in VOO, now it’s doubled.

We just realized that even if we live very frugally and save $10k a month, the difference in 30 years between saving this much and nothing is $50 million vs $68 million based on 10% average return in S&P 500 (which I very much realize is not guaranteed and stocks go up and down).

So why should we even save at this point? Fully intending to work till our 60’s since we enjoy our careers. Might as well enjoy our paychecks to the fullest and let the $2.8 mil compound with no further contributions.


Absent a very clear cut post nup agreement the non inheriting spouse should be very cautious of relying on any portion of the $1 million inheritance and any related gains to fund their retirement.


Why? Assuming she co-mingled it is the spouses too


Did the inheritance get comingled? If not, the unrelated spouse has no claim to it marriage, death or divorce and they should try to forget it exists.
Anonymous
Post 06/12/2026 11:40     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
We have the same number, also thanks to an inheritance, and I still feel like im doing something wrong if I am not saving aggressively. We have three young kids who we want to put through college someday and you never know what the future holds--job loss, medical issues, etc. I know we can pull back (and we do sometimes, like this year we aren't saving much due to home renovations) but I definitely do not think saving is pointless.
Anonymous
Post 06/12/2026 11:39     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Keep saving a percentage, dont assume you will be able to, or want to, work till 60. Plus, once you get uses to expensive lifestyle it will be difficult to scale back if you do need to.
Anonymous
Post 06/12/2026 11:33     Subject: Re:Once you become a multi millionaire in early 30’s feels pointless to save
Of course be sure to take taxes into account as well.
Anonymous
Post 06/12/2026 11:26     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:Yep I agree with you. I’d be a sahm though. No point in us both working hard and our kids having to be in daycare and aftercare’s and camps.


This! If you want to work PT or be a full time SAHP, do it. You won't get that time back with your kids (no matter what the age).

Or take a PT less stressful job if you dont' want to "not work" a paying job.
Anonymous
Post 06/12/2026 11:26     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
401k doesn't count as a millionaire that is retirement, you need millions in liquids or stock that you can use
Anonymous
Post 06/12/2026 11:24     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:You think your $2.8M is going to grow to 50M???


Are you math challenged?
Anonymous
Post 06/12/2026 10:14     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:
Anonymous wrote:You think your $2.8M is going to grow to 50M???


Yup....Thats what they think when they don't earn it....


If you invest $3m in an S&P 500 index fund, could very well be $50 million within an adult lifetime.
Anonymous
Post 06/12/2026 10:05     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:You think your $2.8M is going to grow to 50M???


Yup....Thats what they think when they don't earn it....
Anonymous
Post 06/11/2026 22:54     Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Not quite that much, but more money saved already than I'm projected to need. But, I'm lucky I'm female and in a solid earning but low status profession, so random men have been telling me I'll be broke or I'm after them for their money all my adult life. Ditto, random women who know nothing about my personal financial situation. So, I've become really comfortable with saving and working and ignoring the lousy advice of strangers. Whatever. I guess the goal is personal satisfaction.