usnaron wrote:-Became a Naval Officer in 2005 with very little in savings
-Started saving and investing about 1k per month with an after tax income of $3400 per month (saved probably 90% of income while on deployment tax free)
-Met my future wife, also a Naval Officer, in 2006 and got her into saving and investing - we were married by the end of 2008
-By mid 2010 - Net worth was 275k with a household after tax income of ~150k by that time. For the next 4-5 years, household income averaged 200k per year (after tax)
-mid 2011- 400k
-DEC 2012 - 565K
-DEC 2013 - 700k
-NOV 2014 - 830k
-NOV 2015 - 880k (Wife left active duty this year and stays home with our two kids - still a reservist)
-today - 980k (I'm 35, wife is 33) household income is about 140-150k depending on how much reserve training my wife does. We still haven't purchased a house yet because our rent is half the price of an equivalent mortgage in the high cost area we want to live in.
During my investing career, I have been extremely low-risk. I figured that with a high savings rate, I could almost guarantee a full retirement after 20 years in the Navy (44 years old) with an average real return of 3-4%, so why swing for the fences?
Great job...will you also get a Pension? If so, is this included in those net worth numbers?