reading this thread it sounds like the wife and i dont have enough saved at this point, and we always felt like we were ahead.
we will both be 43 this year and between the 2 of us in savings, home equity, retirement plans, and 529 accounts we are sitting combined at about 1.4M net worth, or only 700k each, (the actual split is about 66/34 in favor of the wife). looks like we have some work to do.
quote:according to lsurussian, who seems to be very well versed in money matters, one should have 1M net worth at age 40. i am assuming this is per person. i am apparently behind.
Surely you are trolling if you feel a net worth of $1.4M isn't enough. I mean it's not alot of money in the scope of things, but in comparison to the average american? You really must be kidding, you are very very very far ahead of the average 43 year old.
quote:the prospect of being behind was never a thought until i read this thread. i always figured we were pretty well ahead at this point.
I have a hard time believing someone worth $1.4M truly believes he is behind in life by being a millionaire with another 20+ years before he retires therefore ending his career worth north of $5M at the current pace he's at.