Here at Physician on FIRE, I like to help people figure out how they can set themselves up to not only retire early, but to also retire well. Five million dollars should do the trick, even considering this current bout of inflation.
According to DYQDJ, that would put you at about the 97th percentile in terms of U.S. net worth. Worldwide, you’re certainly at the 99th percentile with $5 Million. That’s definitely fatFIRE in my book.
Let’s say you finish high school at 18 and graduate from college at 22 with a degree that will help you land a good job. In college, you met someone who followed a similar path.
While it’s true that slow and steady wins the race, it’s also true that there are many thousands of people each earning millions of dollars every year.
It’s the path I took, and although I retired from medicine a bit shy of a $5 Million net worth, I was well on my way to that number at age 43, and investment returns alone should get us well beyond that mark by 55.