Anonymous
06/17/2026 11:14
Subject: Once you become a multi millionaire in early 30’s feels pointless to save
You're making unwise financial choices if you don't at least max out for 401ks.
Max out your 401ks. Don't touch the inheritance for now - let it grow and have for yourself when you are older. Live off what you earn (you make plenty - you dont need the inheritance for everyday spending). If you do that, you will be set.
Realize that old age can be very expensive. 24-7 care at home costs around 150k a year, and that's if you are able to walk with just a one person assist - care agencies may insist on a two person assist.
Max out your 401ks. Don't touch the inheritance for now - let it grow and have for yourself when you are older. Live off what you earn (you make plenty - you dont need the inheritance for everyday spending). If you do that, you will be set.
Realize that old age can be very expensive. 24-7 care at home costs around 150k a year, and that's if you are able to walk with just a one person assist - care agencies may insist on a two person assist.
Anonymous
06/17/2026 11:11
Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:What is with all these posts with people looking for permission to spend their money instead of saving and investing?
Go ahead. You might have big regrets later when inflation eats away at the value of what you’ve saved, but go ahead and enjoy it now. I bet your kids will be thrilled to pitch in to take care of you when you’re 90.
Why would inflation eat away at the value of what you have saved? At that level of finds you would be fully or heavily invested in equities and you should expect --- over time --- for the inflation to be reflected in your value increase. inflation might eat away if you were in cash or heavily in fixed income or similar products but someone with these funds should not heavily be in either catagory.
Anonymous
06/17/2026 11:02
Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:Anonymous wrote:Anonymous wrote:I use a real rate of return of 4 to 5%. OP should expect around 10 to 15 million in today’s dollars when he retires at 60. Hopefully he didn’t commingle the inheritance so his wife can’t get access to it.
Why should he be worried about divorce?
NP. Most likely way to lose half of your assets? I mean, it's basically a coin toss.
It’s not a coin toss.
Anonymous
06/16/2026 21:20
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???
10% doesn’t factor inflation so $50 would be more like $20 mil in 30 years. Not guaranteed but not unlikely either
I'm sure she can manage on 20 mill.
Anonymous
06/16/2026 20:00
Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:Anonymous wrote:I use a real rate of return of 4 to 5%. OP should expect around 10 to 15 million in today’s dollars when he retires at 60. Hopefully he didn’t commingle the inheritance so his wife can’t get access to it.
Why should he be worried about divorce?
NP. Most likely way to lose half of your assets? I mean, it's basically a coin toss.
Anonymous
06/16/2026 19:54
Subject: Once you become a multi millionaire in early 30’s feels pointless to save
Anonymous wrote:I use a real rate of return of 4 to 5%. OP should expect around 10 to 15 million in today’s dollars when he retires at 60. Hopefully he didn’t commingle the inheritance so his wife can’t get access to it.
Why should he be worried about divorce?
Anonymous
06/16/2026 18:56
Subject: Once you become a multi millionaire in early 30’s feels pointless to save
I use a real rate of return of 4 to 5%. OP should expect around 10 to 15 million in today’s dollars when he retires at 60. Hopefully he didn’t commingle the inheritance so his wife can’t get access to it.
Anonymous
06/15/2026 13:58
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???
Anonymous wrote:I'd assume a more conservative 7% annual return. You're still fine, though.
Finance professor here. Yes, the math is fine, assuming a 10% compound return.
Over the past century, the compound market return was indeed around 10%. The compound return was around 2% lower than the average return. Also, real returns were even lower due to inflation. Finally, the past century was probably a bit lucky. You are still fine.
Anonymous
06/15/2026 13:31
Subject: Once you become a multi millionaire in early 30’s feels pointless to save
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.
What a horrible existence.
Horrible because they can retire by 40 if they want? While you schlep away at your job till your 65
Anonymous
06/15/2026 12:41
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???
Please google the Rule of 72. Assuming a 10% return, that math checks out.
OP, I agree with another PP that for these purposes, I'd assume a more conservative 7% annual return. You're still fine, though.
Anonymous
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
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
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.
For me, not working equals enjoying it for so many reasons.
Anonymous
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
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?