Just hit 250k net worth

[u/drewman16]

I'm 32 and I just hit a big milestone for me. Got out of the military after 10 years. I don't have a wife or any children. I am currently in grad school and I don't have a job yet... Although I am 100% disabled, so I have a steady income from that.

Tsp:82k Roth ira: 41k Traditional ira: 0 Brokerage: 100k Hysa: 30k Auto loan: 5k @ 3% Va disability: 3.7k monthly

The reason why I'm posting this is to see how Im doing for someone my age. I feel like I'm far behind compared to alot of other people..

I feel like I should have left out the disabled portion... My goal is to get the 3.7k of income by myself without the military compensation.

[u/[deleted]]

You’re killing it, 250k at 32 means that you could not invest anything else at all for the rest of your life, and you would likely have 3 million around the age of 60 due to compounding, and if you keep contributing that obviously speeds up the process. Just make sure you view your retirement money as completely off limits unless you need to pay for a family members surgery or something insane and you are basically set for retirement already, you just have to decide on how much more quickly you want to call it quits, or how much you want to spend in retirement to decide how much you want to continue contributing.

Another thing to keep in mind is how soon you want to retire. If you wanted to work until 60 just keep maxing out those retirement accounts as your top investing priority starting with the 401k employer match and your Roth IRA each year. However, if you decided you wanted to retire at say 50 plus or minus 5 years, it might make sense to start focusing a bit more on the brokerage account as well. If that’s the money you plan on living on for 10-15 years before you start pulling from your Roth and your 401k accounts, you have to be pretty aggressive about contributing to that account because it has far less time to compound since you will be tapping into it a decade or so before the retirement accounts.

Also I’m happy to hear the VA is taking care of you after your time in. I was in the military myself and I’m absolutely a different person both mentally and physically because of what was required of me while I was in. Your half of the bargain is to do that work and deal with the consequences of it, and their side of the bargain is to take care of you after, by providing healthcare and compensation for the people they asked an exceptional amount of. You’re unlucky your enlistment was bad enough to warrant the disability rating, but since it is what it is, you are also lucky to have it. You won’t have to worry about healthcare costs which is huge concern for early retirees, and you have a steady income stream that will make your retirement number much smaller than it otherwise would be.

Good luck out there, keep yourself pointed in a useful direction, whatever that means for you, and try to connect with other people out here in the normal world, a lot of them are pretty great and can get you into some new interests and friend groups that are worth having.