Originally Posted by SField
I should also add that aiming for 1 million dollars doesn't mean what it used to. If you're going to be a materialistic fuck about it, 1 million is pretty "small timer", if Style Forum standards are put into real world effect. In relation to the rest of the world, it makes you fabulously wealthy, but in US standards 1 million in liquid assets isn't horrendously impressive, nor do I think it's worth sacrificing your life for, like many of you seem bent on doing. At least when I see my I-banking friends working 80+ hours a week, absolutely killing themselves, they're making that and more every single year. Making money a major goal in your life and being a career that will take you till you're 45 to make a million is a little sad... if of course, that is a major part of how you will identify yourself.
Not sure what the particulars of your situation are, but I'm young enough that I can really use compound interest in my favor. I think via Roth IRAs and 401ks used in conjunction with stock and mutual fund investments reaching $1 million by retirement is very doable. Also, you have to keep in mind that when you have that kind of money, while not necessarily worth as much as it used to be, it gets a hell of a lot easier to make your second million.