Similar to the above poster, I have a "not being critical, just curious" question.
1MM at 47.
Originally Posted by ghandi
Currently saving $35k a year for retirement. Figure I'd get to $2m by the time I'm 52ish, then its probably time "to go"...
How do you hit 2MM in only 5 yrs? 1MM->2MM in 5 years adding 35k/yr is like 12% per year, which seems ambitious.
I guess one answer being that 500k in equity in properties you could sell. But it seems odd to not count it now (in the 1MM) but do count it in the 2MM. Do you basically mean 1.5MM now, and 2MM in 5 years? Or did you mean 1MM liquid now, and 2MM liquid (without counting the properties or proceeds) in 5 years?
Either way your progress and assets at our age is quite impressive. Congratulations on your choices.
And it was very fun for me to read the OP with your "realizations" - such bliss and freedom. Thanks for sharing.