Related Posts
Bowl Leader
Conversation Starter
More Posts
Any one register for DU event Hyd aug 5th
What is an average salary of senior BA?
Hi All,
I have recived a call from HR regarding the salary offered & she told that we are offering that salary. I have accepted offer & told her to explain me the breakup of CTC, she said she will call me back but i have not received any call from last 2 days & I have tired to call & also mailed her but no revert.
Can someone explain me what should be the matter or its likes goes only in deloitte? Deliotte
Additional Posts in Partner One
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
I’m not a partner- I’m 31, SM, and my number is $4m. My net worth is $1.2m and I intend to get to $4M ish by 37-38 using my current investing strategy. I am not factoring in making partner and increasing my take home or anything. Current saving rate and growth rates should get me there. If I hit those numbers, I will quit consulting to start my real estate development/ brokering business.
I’m sure the city has to matter as well. The massive tax rates I pay including the nyc tax doesn’t leave much to save that much.
10M
This is my number too.
Not a partner but my number is 6 million. I’m at ~ 300k invested, 3 years into a 30 year mortgage and 35k in cash. I’m 34, married, no kids (planning soon). Loooooooooooooong way to go.
Thx for sharing.
I don’t really think of it in those terms. Technically, probably already have enough money, but like my job. Maxing our my pension will probably be a trigger though.
Coach
$10m(not including primary residence) so I can live by the 5% withdrawal rule very comfortably and not be at risk of the firm going under for whatever reason and ruining my retirement. Any pension on top of that is just a bigger boat. It’s also a good amount where my children and grandchildren will be set for life via a trust providing for basic housing and a killer education.
McK1’s comment sounds moronic and insecure (trying to show off thoughtfulness by assuming others haven’t done so implicitly). Hmmm, a McK partner at 45 (assuming normal trajectory) makes about $1M and after taxes/expenses would never come close to the earlier estimates (most likely undershoot projected income levels).
No my friend. I am mid thirties. Live within my means and invest a lot in multiple asset classes. My current CAGR for the past 10 years is about 21%. This has dropped recently because I took hit in March and didn’t invest back much. BTW - how did you reach the conclusion that McK folks at 45 make about 1M? I must know at least 50 partners and at least 70-80% are less than 40 years old making more than 1M per year.
10M
$20M
$10M should be fine for me across primary home , rentals and other investments . $4M+ now and about 15 more years I want to work at the most . Reality is that I don’t think that much will be needed since we don’t really mind going down significantly in life style even before retirement .
It’s interesting that majority of you are talking about a $$ number and not a combination of retirement age and $$ number. I prepared my wealth plan with expected life, major goals (like private schools for kids), yearly expenses in retirement, nominal % gains on investments etc. and then came to a retirement age of 45 years. I track it rigorously and due to Covid I think I will push out the retirement age by an year.
What’s your number at 45?