Now $2.0 million at 34!My spouse and I have surpassed the $1MM mark! I am 30 and my spouse is 28. Ever since we graduated from grad school, we have been laser focused on building our retirement and taxable brokerage accounts. Something about having no money in grad school seared a scarcity mentality into our brains. We are also in career paths that are not meant for long-term life balance, so we adopted a 'make hay while the sun shines' mentality. My spouse is taking some time off work and I probably have maximum 1 or 2 years left at my income level, then we'll probably drop down closer to earth after that and let our money work for us! We have over $500k in tax-favored retirement accounts and $200k in taxable brokerage, so we should be in a position to retire in our early 50s and live our life.
Age: net worth (salary for that year)
25: ($140,000) (Salary: $160k)
26: $10,000 (Salary $200k)
27: $85,000 (Salary $300k)
28: $250,000 (Salary: $500k)
29: $450,000 (Salary: $700k)
30: $1,050,000 (Salary: 475k)
The huge jump from 29 to 30 was due to the market being at the absolute low when I turned 29, my spouse and I saving and investing everything we possibly could during the pandemic, and our home going up in value significantly in the 6 months after we bought it (a very trendy city, and definitely on the conservative side of the valuation).
Statistics: Posted by dportia — Tue Oct 08, 2024 11:01 pm — Replies 3950 — Views 664335