My wife and I just crossed $1M net worth today.
I turned 30 last month and my wife is 29. We started in 2020 with $45k in student loans, so this still feels pretty wild to me. For the first 5 years of our marriage we have been DINKs, but she’s been a stay-at-home mom for the last year. Our peak combined gross income was about $190k, and I currently make less than $120k. We lived on about $35k per year before buying a home an our expenses are now about $60k.
We live in a MCOL area and have tried to be pretty intentional with money. We travel a lot and do a lot of cheap adventures, so I don’t really feel like we’ve been depriving ourselves. I do expect our spending to go up some over time.
Current breakdown, rounded:
- Cash: $28k
- Roth IRAs: $283k (including rollovers)
- Traditional IRA: $3k
- 401(k)s: $245k (mostly Roth)
- HSA: $19k
- Brokerage: $359k
- Home equity: $64k
Milestones:
- Jan 2021: $16k (started tracking)
- Jan 2022: $122k
- Jan 2023: $195k
- Jan 2024: $408k
- Jan 2025: $667k
- Jan 2026: $905k
- May 2026: $1M
My goal is to keep pushing toward FI as fast as I can and eventually replace our income at a 4% withdrawal rate. I enjoy my job and I’ll probably keep working for a long while after FI. Loosely planning to retire at age 55-60, though that may change.
Grateful to be here after starting from debt in 2020.