I see a lot of people here compare their earnings and net worth. While comparing can be useful in knowing where you are in life, it can sometimes be self defeating if it makes you miserable if you know that you are not performing as well as others. For instance, a 55 year old person with a net worth of $5m will feel unhappy if someone else who is 40 years old shares that his net worth is $10m. Even though the older guy is actually doing very well by any yardsticks, he still feels inadequate and continue to be a corporate slave. By the time he reached a net worth of $10m, he is 70 years old and then die at 75. He just enjoyed 5 years of retirement and leaving behind $9.8m of his wealth to his children you then spend all this wealth on gambling, drinking, smoking and womanizing.

So, the best is to set a target for yourself. Once you have achieved a certain amount of wealth, then retire and plan to spend 90% of your wealth till you die. Just leave 10% of what you have earned to your children so that they too will work towards their own retirement. You don't have to work so hard for your children's early retirement. That is foolish.