Gross HHI $600k/year, saving $200k/year - how do we compare?
Mid 40s, 2 kids (8 & 10). 2 x full time jobs. $350k + $250K (& bonus/equity, not included as very variable). HCOL.
~$1M in 401ks, ~$1M in brokerage, ~$100k HYSA, ~$50k HSA. ~$700k mortgage (2.75%) on primary residence worth $2.5M. No 529s so will have to come from expenses, if they go that route.
Income has increased quite a lot over the past 5 years, so this savings amount is only 1-2years old. We tried to keep lifestyle creep to a minimum from HHI of ~$300-400k. Income is probably closed to capped now, unless we get very lucky/willing to move to VHCOL which we are not.
Liquid NW based on multiples of income it feels like we’re behind, but savings rate (33% of gross) doesn’t seem like it can easily be increased.
Cubbyfire liquid NW number is $6M (~3x current)…