We are 43 and 39, with about $700k saved, not including house. We should have one $60k pension. We were both saving about 10% in ultra conservative funds until I started reading DCUM, where everyone has saved millions by 40 since they have been maxing since their first job at 22. (I started saving at 30.)

DCUM has been hugely eye opening and we’ve been saving much more aggressivey ever since. So this shit can be very helpful and very depressing at the same time.

I enjoy these threads too. The most interesting post to me ao far was the couple with no kids and net worth in excess of $10 million. They have the same HHI as we do but twice the net worth. We have 2 kids. No one should underestimate the massive cost of raising children. I have a half a doze. friends in their mid-late forties and early 50’s who could retire now, but for the kids.

48. HHI about $400k, net worth about $3 million, including home equity but not including kids' college accounts, which should see them through college, but not grad school. Hubby has military pension/disability, too.

Feel very lucky. Both poor as kids, so have prioritized saving a lot: I do not anticipate that either of us will inherit significant amounts from parents, so what we can save is what we will have. Unless our kids get rich!

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:46. So depressed. Wife worked 10 yrs but now does occasional real estate deals so single income of $130k. 2 kids. Net worth 1 million + $300k in house.

You're depressed bc $1.3 mil NW before age 50 or $1 mil w/o real estate is sooooo bad??

My salary won't go up that much and with 2 kids 1 million isn't enough. A huge recession is on the horizon. People here with 10 million NW.

Right but you're 46, not 66. "Huge" recession? The last huge recession technically lasted 19 months. Sure times were tough for a long time thereafter, but the market started recovering long before the job market, housing etc. and S&P was up 26% in 2009, 15% in 2010 and has been positive thereafter, more than making up for the 37% decline in 2008. You really don't think you can even get a 5% return yearly (on average) for the next 9 yrs? Bc assuming you're holding 900k of that $1 mil in the market and you d put in another dollar, by age 55 you're up at $1.39 million. And what is the chance that you aren't going to put another $ into investments starting now? I just don't see how these numbers are bad for a single earner 130k household. Why compare with the DCUM folks with $10 mil NW, why not compare to Warren Buffett's $82bil NW to really make yourself depressed?

Anonymous wrote:We are 48/49:

HHI: 240k
Retirement: $1.7M
Investments: $100k
529s: $180k (kids are 17 and 13)
Home equity: $400k

I want to add that part of this is because we knucklesd down really early. If I had to do it over, I am not positive I would have made the same choice. Despite the fact that we are active (I am a runner), I wish we had lived a bit more in our 20s.

We are 48/49:

HHI: 240k
Retirement: $1.7M
Investments: $100k
529s: $180k (kids are 17 and 13)
Home equity: $400k

Anonymous wrote:

Anonymous wrote:46. So depressed. Wife worked 10 yrs but now does occasional real estate deals so single income of $130k. 2 kids. Net worth 1 million + $300k in house.

You're depressed bc $1.3 mil NW before age 50 or $1 mil w/o real estate is sooooo bad??

My salary won't go up that much and with 2 kids 1 million isn't enough. A huge recession is on the horizon. People here with 10 million NW.

Anonymous wrote:46. So depressed. Wife worked 10 yrs but now does occasional real estate deals so single income of $130k. 2 kids. Net worth 1 million + $300k in house.

You're depressed bc $1.3 mil NW before age 50 or $1 mil w/o real estate is sooooo bad??

46. So depressed. Wife worked 10 yrs but now does occasional real estate deals so single income of $130k. 2 kids. Net worth 1 million + $300k in house.

^ and I don't mean to sound like sour grapes. I am sure everyone on this thread has worked enormously hard for all this wealth.

It's just...a very small pool of people who are posting on these sorts of threads. It can be discouraging even for folks who are doing pretty damn well in life - and it also seems, perhaps, not true.

I have no idea who here is exaggerating or lying and who is not. Just that, ya know - this isn't presenting a normal picture of life.

Anonymous wrote:

Anonymous wrote:My stats. Me 48, Wife 45. Senior Finance Industry Lawyer for a Company not for law firm.

Income now 280k. Most of last decade since credit crisis been in 200k-250k range due to being in finance. Last couple years was 300k though. One income, mine, wife does not work outside of house except occasional real estate deals.

Net worth just shy of 1.75 Million. Well closer to 1.7 after today's market. I am in very risk stocks. Live by the sword die by the sword. Gunslinger.

Retirement Accounts 840,000
Kids UTMA Accounts (not 529) 210,000
Liquid Brokerage and Crypto 25,000
Investment Properties 300,000 equity
Primary Residence 300,000 equity
Gold Coins 30,000
Life Insurance Cash Value 60,000
Cash on Hand: Zero

I know people criticize these threads but this post is a reminder of where a 30 something can be in 10 years.

20 years - the person who posted is the sole income, and is nearly 50

and that's if you work in a field that pays $300k/year - which most people do not

i would love, just once, for one of these threads to be about more normal sorts of incomes. what do normal, non-$300k/year earning people save up? but dcum gonna dcum.

Anonymous wrote:My stats. Me 48, Wife 45. Senior Finance Industry Lawyer for a Company not for law firm.

Income now 280k. Most of last decade since credit crisis been in 200k-250k range due to being in finance. Last couple years was 300k though. One income, mine, wife does not work outside of house except occasional real estate deals.

Net worth just shy of 1.75 Million. Well closer to 1.7 after today's market. I am in very risk stocks. Live by the sword die by the sword. Gunslinger.

Retirement Accounts 840,000
Kids UTMA Accounts (not 529) 210,000
Liquid Brokerage and Crypto 25,000
Investment Properties 300,000 equity
Primary Residence 300,000 equity
Gold Coins 30,000
Life Insurance Cash Value 60,000
Cash on Hand: Zero

I know people criticize these threads but this post is a reminder of where a 30 something can be in 10 years.

My stats. Me 48, Wife 45. Senior Finance Industry Lawyer for a Company not for law firm.

Income now 280k. Most of last decade since credit crisis been in 200k-250k range due to being in finance. Last couple years was 300k though. One income, mine, wife does not work outside of house except occasional real estate deals.

Net worth just shy of 1.75 Million. Well closer to 1.7 after today's market. I am in very risk stocks. Live by the sword die by the sword. Gunslinger.

Retirement Accounts 840,000
Kids UTMA Accounts (not 529) 210,000
Liquid Brokerage and Crypto 25,000
Investment Properties 300,000 equity
Primary Residence 300,000 equity
Gold Coins 30,000
Life Insurance Cash Value 60,000
Cash on Hand: Zero

Anonymous wrote:We're both 47, no kids. HHI about $800k. Net worth is just north of $10m which includes real estate (commercial and residential) but not the value of my business.

What kind of business please, that would get you to those kind of numbers.

Anonymous wrote:We are just shy of 2M including home equity (47- hh 210K). Frankly, I find these discussions useful. Sure, there are going to be outliers in both directions, but in general, it helps to know where we're doing well and where we could better.

But in what possible universe could you possibly worry that you weren't doing well if you are "just shy of 2M"? You are smart enough to accrue an amount of money most people will never see in their lifetime - why aren't you smart enough to know that makes you extremely well off?

These threads are just masturbatory for people who have a lot.