Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Retired Fed. My magic number was $3 million. I made it and retired before age 60.

3M per spouse? So 6M?

Feds don’t have 6m combined with spouse. No.

If I had stayed married (to a fed) we would have had 10 mil at retirement. But I had been saving since age 21 and we both maxed. That is not normal. I will have about 3-4 mil alone. Better than staying married. But I know we were an anomaly. It was only because of being an early saver and maxing out. Otherwise, just no way.

No.

Gimme a break

No

Anonymous wrote:Once we get married, my fiance and I will have a combined 30 million. 50k from me and the rest from him. He is 55 and I am 27.

hahaha

Anonymous wrote:What is the average net worth of people in the DC area?

Of course it's not normal, JFC

Once we get married, my fiance and I will have a combined 30 million. 50k from me and the rest from him. He is 55 and I am 27.

Anonymous wrote:Yes..actually easy to do if you are diligent.

Lol no it isn’t. OP, don’t let all the anonymous liars skew your view.

Anonymous wrote:

Anonymous wrote:Very few will ever retire with $10+ in assets. Highly likely it’s less than 1%, maybe .05% or less. Some people make a lot of money, but they also spend a lot of money. If you are living OK on $100k, it would be ideal that your retirement income could replace that.

I for one plan to travel alot more so our retirement might cost double what our current expenses are.

+1
I'm planning a lot of travel. It's gonna be expensive.

Is it normal around here to have 10 mil in assets by the time you retire

?

No it is not normal. Do some make that kind of money? Yes. It is also an anonymous board. People lie.

better original post would be to ask for anecdotal and draw conclusions from that. I’m single, retired, mid-60s and have about $2M in income property equity plus $500 in IRA (and dropping). That is only meaningful if you know my burn rate.

No not at all.

Anonymous wrote:

Anonymous wrote:Retired Fed. My magic number was $3 million. I made it and retired before age 60.

3M per spouse? So 6M?

No. Single income family.

Anonymous wrote:Yes..actually easy to do if you are diligent.

and have a large enough salary

Anonymous wrote:

Anonymous wrote:We were around $13M in net worth when Biden took office and have seen our investments lose over a million since then.

So.. your net worth went up by 20% to $15.6 and then you lost $3.6M or are you assuming that Biden took office in Jan 2022?

I’m guessing the prior poster was at the America First conference today and got their facts mixed up.