Anonymous wrote:Anonymous wrote:$200k feels like plenty with 1 child in $20k private school. We have a lovely house, 2 cars, can take a $10k vacation in normal years, and fully fund retirement and 529s. Anything above this would just increase the quality of what we already have, but not provide more than we have. We could stay in nice hotels instead of air bnbs, or buy the audi instead of the ford, but it would not significantly change anything.
How much is your mortgage?
Anonymous wrote:Once we reached $300k we were living a very comfortable UMC life and we were not worried about money. As the years went by we were making multiples of that but we lived in the same home, drove the same cars, took the same vacations. The UMC life was perfect for us. But our savings grew! Now we are retired and we are spending it.
Anonymous wrote:300k. But our houses are paid off, retirement and colleges are set
Anonymous wrote:$200k feels like plenty with 1 child in $20k private school. We have a lovely house, 2 cars, can take a $10k vacation in normal years, and fully fund retirement and 529s. Anything above this would just increase the quality of what we already have, but not provide more than we have. We could stay in nice hotels instead of air bnbs, or buy the audi instead of the ford, but it would not significantly change anything.
Anonymous wrote:All of these numbers are meaningless to compare without knowing inheritances, parental help, etc. life becomes a lot more comfortable if grandma funded jr.’s college for example.