That was including growing the deposits at a rate of 2-3%, which ends with approximately $3k/mo at the end.
Anyways, him being a lawyer pretty much answers the issue. You don't usually call any professional job a 'normal job', and that clears it up. It's pretty likely that even then it took some high risk/high reward investments or some lucky real estate buys in the meantime to drive it up that much.
Which is not to disparage the achievement of saving $5mil pre-retirement (or even at retirement) age. It takes above average fiscal discipline and money management to do that even with above average income.
My original point was just that a compound interest savings account isn't that amazing. You have to do more than just sock some money into an account to pull it off.
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That was including growing the deposits at a rate of 2-3%, which ends with approximately $3k/mo at the end.
Anyways, him being a lawyer pretty much answers the issue. You don't usually call any professional job a 'normal job', and that clears it up. It's pretty likely that even then it took some high risk/high reward investments or some lucky real estate buys in the meantime to drive it up that much.
Which is not to disparage the achievement of saving $5mil pre-retirement (or even at retirement) age. It takes above average fiscal discipline and money management to do that even with above average income.
My original point was just that a compound interest savings account isn't that amazing. You have to do more than just sock some money into an account to pull it off.