I’ve got $7 million saved in my late 30’s – how long will it take to reach $20 million and retire early

Key Points The poster has $7M net worth and$ 350K liquid annual income but saves only $6K yearly due to expenses. At current savings rates with 10% returns he could reach$ 10M in seven years or $20M in fourteen years. His projected$ 370K annual retirement need requires only $10M at a 3.9% withdrawal rate. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. A Reddit user with a$ 7 million net worth is ...