With $2.4 million in assets, does George need to double that to retire at 50?

1 month ago 9

Rommie Analytics

The median net worth for couples with children under the age of 18 was $645,900 in 2023.

At 38, and with approximately $2.4 million in net assets, George* is focused on his next goal: increasing his young family’s net worth to $5 million over the next 10 years. It’s a target he hopes will create a level of financial stability that will pave the way for retirement at 50, if he and his wife, Eileen,* 35, so choose.

The couple have two pre-school aged children and, while they are on the same page when it comes to living within their means, Eileen is more confident in their ability to enjoy an expanded lifestyle today than her husband.

“I don’t have a good sen...

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