Originally Posted by Unregistered

Enjoy the feeling while it last. In 35 years time when you reach 65, with only $4M in assets, you could be below average and not average. You can do the simple calculation yourself by just considering an inflation rate of 5% per year. $4M now is only worth $700K in 35 yrs time.

We got "wake up" call just last night when purchasing an investment product. As required now when buying insurance or investment products, we had to go through the financial survey. When asked what's our net worth, we said that it was $4M (quite pleased with ourselves), but the agent's reply shocked us. She said like that means we would need to work till at least 60 yrs old. Inflation is not the only problem, rising medical cost and rising demand for food and other resources due to growing world population is another big problem