Retirement... (i.e. what are you going to be after you've grown up)

BrutulTM

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It would be interesting to hear when the posters in this thread actually last played an MMO.
I'm not one of the millionaires but I logged off of EQ for the last time in 2008 and haven't played a "serious" video game since. Aside from the odd time waster puzzle game on my phone I haven't been a gamer for nearly 17 years now.
 

Cad

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I'm not one of the millionaires but I logged off of EQ for the last time in 2008 and haven't played a "serious" video game since. Aside from the odd time waster puzzle game on my phone I haven't been a gamer for nearly 17 years now.
I've tried to go back and play WoW a couple times when I'm bored and realized I'm not quite that bored yet. Last time I played more than a couple levels was probably 2011-2012.
 

Control

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Bro if you think hardcore MMO players are more successful on average then I believe @Burren has an insurance policy and bridge in Florida that he’d like to get you plugged in with.
So you think that on average, the relative handful of people with the knowledge and spare cash to have a 3d-capable pc in 1999-2000 are less successful than the average American? Care to explain your math, because I find it hard to imagine how that's possible.
 

Gutterflesh

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So you think that on average, the relative handful of people with the knowledge and spare cash to have a 3d-capable pc in 1999-2000 are less successful than the average American? Care to explain your math, because I find it hard to imagine how that's possible.
It's all anecdotal, but I played EQ with a lot of poors and college students running potatoes (myself included). However a lot of those people were just starting off in their careers in some form of tech and ultimately ended up doing fairly well for themselves.
 
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BrutulTM

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I think it runs the gamut. I played EQ with a fair number of people who were barely employed or living with their parents because they were playing video games all the time, some that were stuck in the house because of some disability, and some that were on the downward spiral with drugs and alcohol but there were plenty that were early on in some sort of tech career (myself included).
 
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Haus

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I really hate to agree with Kirun. I mean really. But this is a pretty astute observation.
I'll admit he has some points. There is probably some internet braggadocio going on in the numbers being thrown around, there's probably also some real case studies. The reason I create this here instead of the investing thread was that I was figuring on hopefully having the best shot at the "grown up" version of this talk. So far, filtering through various potential derails and possible "slight exaggerations" I see things boiling down some...

General tips :
  • Think about what you want to do when you're done with your primary career path, which seems to vary greatly for many of us, but is definitely a "you do you" thing. Then plan appropriately.
  • If you have an outlier level high earnings profession (like lawyer) then yes, you can probably with a little discipline retire earlier.
  • If you are a DINK couple, same thing applies.
  • How much you'll need will depend greatly on what you want to do.
  • A good plan seems to be to minimize any debt whatsoever at retirement, Minimize your monthly "burn rate".
Accumulating that cheddar :
  • Sack a solid amount into your 401k to max it yearly and at the minimum max any employer match every year.
  • Building consistently leads to a nest egg that grows on it's own on top of contributions. (better to save what you can than none at all)
Other observations :
  • Annuities and Full Life Insurance are not looked favorably upon as investments.
  • Many "financial advisors" seem to struggle to beat what you'd make just investing in a super low cost S&P 500 index ETF.
  • Some people really look down on others who feel a need to have "purposeful living"
  • I did not realize the potential can of worms I was opening with this thread. ;)
 
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Furry

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It's all anecdotal, but I played EQ with a lot of poors and college students running potatoes (myself included). However a lot of those people were just starting off in their careers in some form of tech and ultimately ended up doing fairly well for themselves.
I started EQ in high school, got kicked out at 18 and went to playing EQ on a potato in a 400$ apartment in the ghetto. I figured if I was gonna be playing eq so much, I might as well make money doing it, so I sold a lot of plat. I made almost as much money from that as my 7$ an hour job.
 

Rhanyn

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I grew up poor, zero sound financial direction came from anyone in my family. Wife is in the same boat. I've made some pretty shit decisions through my life, and have pretty much accepted that I will likely work until I drop dead. That is my contribution to this thread.


That being said, I have been trying to get some momentum going. Finally in the state where I am saving 10%, investing 15%, and then trying to cut my spending to pump those numbers and put more into paying on the wife and I's 2 cars early. Life has a real knack for bending me over the barrel and taking what pennies I do scrape together though, and having turned 40 this summer, feels like there isn't a lot of time left to fix things when we don't make a lot of income, combined we are under 100k a year. I will say that these forums and parsing information from here has contributed in a positive way to me getting my shit figured out, or at least closer to it.
 
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Control

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It's all anecdotal, but I played EQ with a lot of poors and college students running potatoes (myself included). However a lot of those people were just starting off in their careers in some form of tech and ultimately ended up doing fairly well for themselves.
I think it runs the gamut. I played EQ with a fair number of people who were barely employed or living with their parents because they were playing video games all the time, some that were stuck in the house because of some disability, and some that were on the downward spiral with drugs and alcohol but there were plenty that were early on in some sort of tech career (myself included).
Right, I mean we can't all be winners, and I assume almost everyone that playing eq in 1999 were relative poors themselves even if their families weren't just because most of them were young. But those people were considerably more tech savvy than the general population. You might have played on a potato, but at least you had a potato, and knew how to use it to some degree. Anyone who thinks that group is below average 25 years later doesn't have a very good grasp on what average actually looks like.
 
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Haus

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100% there is crossover.

And sure, my earlier post was a bit of hyperbole, guilty as charged. But even dialing it back, the number of people here casually announcing they're either already retired or extremely financially secure and coasting toward retirement within the next 1-10 years is still pretty staggering. As a percentage of active posters, it's absurdly high. Especially when not everybody views this thread or this section of the forums.
Another thing to remember is that there are probably people reading this thread who aren't actively posting in it. And I can see why. If you're behind the curve on retirement (which I will fully admit I was until I landed a job in sales around 10 years ago that was good enough to help me catch up some) it might be intimidating to post here. On the other hand we have had those who admit to concerns (like Koushirou Koushirou ). I'd hope that folks around here would be comfortable enough to admit and ask questions. Because let's just say we are blessed with a number of people who have been lucky enough to get way ahead of that chart from the fed, I'd hope they wouldn't bee assclowns to those who aren't and just looking for tips, stories, and maybe a point in the right direction.

Of course I might be overestimating the population around here in that regard, but call me an eternal optimist.

Full disclosure, on the chart Captain Suave Captain Suave posted (below) it looks like for my age I'm right around the 90% percentile, which makes me feel like I'm in the Chernobyl space...
1755034777770.png

So for me...
great_terrible.gif


And I figure there's no reason to be envious of those doing better, or look down on those doing worse, we're all assholes here. But we're the assholes we've got.
 
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Furry

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Finally in the state where I am saving 10%, investing 15%, and then trying to cut my spending to pump those numbers and put more into paying on the wife and I's 2 cars early. Life has a real knack for bending me over the barrel and taking what pennies I do scrape together though, and having turned 40 this summer, feels like there isn't a lot of time left to fix things when we don't make a lot of income, combined we are under 100k a year. I will say that these forums and parsing information from here has contributed in a positive way to me getting my shit figured out, or at least closer to it.
If you're making positive progress you're doing better than most. Something like 50% of people your age have no retirement. If you have around 80k between the both of you, you probably make it to the top 25% in preparing for retirement. If you're enjoying your life, nothing wrong with being a bit behind and working to you are older. Where I work, around 70 is a very normal retirement age. Best way to save money for most people is not to see it. Get a raise? bump what you are saving a little immediately.

I'm sure even the best prepared people here would say they fucked up in their 20s and 30s when it came to planning for retirement. I sure did.
 
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Haus

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I've tried to go back and play WoW a couple times when I'm bored and realized I'm not quite that bored yet. Last time I played more than a couple levels was probably 2011-2012.
I still play WoW passively when I need an "unwind my brain" break. Haven't been an active raider in over a decade. But I somehow still enjoy playing the auction house like it was my personal minigame. Mrs. Haus Mrs. Haus and I still duo for farm for mounts occasionally on the weekends. She is the one who got me into MMOs when we first met, pre-WoW, she was a big EQ player. Our first MMO together, I believe, was Shadowbane.
 
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Rhanyn

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Yeah, I don't harbor any ill will or envy, personally I'm glad to see people that I share a community with doing well. I've been taking the opportunity to observe and learn, and I do mean that literally. Y'all are doing more for me than anyone in my ass backwards family, and that's not just here, but across basically the entire site. As much as I'm here for the shit show and memes, I have stayed because there is a lot of valuable information, often conveyed in probably the most entertaining way possible. FoH should open it's own online edu site.

Nice To Meet You Nicolas Cage GIF by Nordisk Film Finland
 
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Control

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Another thing to remember is that there are probably people reading this thread who aren't actively posting in it. And I can see why. If you're behind the curve on retirement (which I will fully admit I was until I landed a job in sales around 10 years ago that was good enough to help me catch up some) it might be intimidating to post here. On the other hand we have had those who admit to concerns (like Koushirou Koushirou ). I'd hope that folks around here would be comfortable enough to admit and ask questions. Because let's just say we are blessed with a number of people who have been lucky enough to get way ahead of that chart from the fed, I'd hope they wouldn't bee assclowns to those who aren't and just looking for tips, stories, and maybe a point in the right direction.

Of course I might be overestimating the population around here in that regard, but call me an eternal optimist.

Full disclosure, on the chart Captain Suave Captain Suave posted (below) it looks like for my age I'm right around the 90% percentile, which makes me feel like I'm in the Chernobyl space...
View attachment 597761
So for me...
View attachment 597762

And I figure there's no reason to be envious of those doing better, or look down on those doing worse, we're all assholes here. But we're the assholes we've got.
Also, I'm pretty sure that chart is wildly misleading when you consider:
1755036392581.png
 
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Izo

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LLR is going to fact check when you guys donate 5 usd for the annual fundraiser. Kek.
 
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Captain Suave

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Also, I'm pretty sure that chart is wildly misleading when you consider:
View attachment 597766

I'd have to parse the numbers carefully, but I'm not sure that is totally at odds with the data I posted. The chart shows average net worth, which is subject to distortion compared to the median if there are a relatively small number of large outliers, which seems likely when talking about wealth. A fair chunk of the distribution could be at/below zero but if you have a handful of billionaires that moves the average a lot. It also includes home equity, which some people wouldn't count since it doesn't generate useful returns on an ongoing basis.
 
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Control

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I'd have to parse the numbers carefully, but I'm not sure that is totally at odds with the data I posted. The chart shows average net worth, which is subject to distortion compared to the median if there are a relatively small number of large outliers, which seems likely when talking about wealth. A fair chunk of the distribution could be at/below zero but if you have a handful of billionaires that moves the average a lot. It also includes home equity, which some people wouldn't count since it doesn't generate useful returns on an ongoing basis.
Sure, I didn't say it was incorrect, just misleading. A quick google didn't tell me what exactly they were measuring, but someone mentioned that it was from a household financial survey, which I assume wouldn't be taken as often by people hundreds of k in the hole (or unemployeds, etc.).
 
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Khane

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One thing also contributing to a lot of the reported financial success here right now, in August 2025, is the comical success of the market. A lot of people here, who had been investing aggressively in the last 13 years, and especially in the last 5, made quite significant, almost unheard of gains in broad index funds like the S&P500 with basically no effort or insider knowledge necessary.

A lot of people here probably started doing exactly that if they were following the investing thread since it was started. I'm one of those people.

I was a consultant with no access to a 401k until July of 2021 when I was made an FTE at my current employer. I've been maxing my 401k ever since, and my employer gives a pretty standard 4.5% match. 99% of my 401k is in FXAIX, which is a Fidelity S&P500 mutual fund. It would be 100% but Merrill Lynch requires I have at least 5 funds I contribute to, because Merrill Lynch is a garbage platform.

Anyway, in just 4 years of aggressively contributing to my 401k and putting it almost entirely into 1 S&P500 fund this is the balance:

1755038658905.png


And it's that healthy after such a short amount of time because of ludicrous return rates like this:

1755038759714.png


Merrill Lynch will not let me look back further than 2 years because, as I said, it's a garbage platform. Their site will not give me any data on my own goddamn 401k further out than 2 years. I was kind of hoping to give full contribution and return rates over the life of the 401k but not possible.
 
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Koushirou

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Yeah, I don't harbor any ill will or envy, personally I'm glad to see people that I share a community with doing well. I've been taking the opportunity to observe and learn, and I do mean that literally. Y'all are doing more for me than anyone in my ass backwards family, and that's not just here, but across basically the entire site. As much as I'm here for the shit show and memes, I have stayed because there is a lot of valuable information, often conveyed in probably the most entertaining way possible. FoH should open it's own online edu site.

Nice To Meet You Nicolas Cage GIF by Nordisk Film Finland
In a way it's kind of sad that this is the best place I have to go to for a lot of life advice in general, but at the same time it's also awesome. Getting the perspectives from people across all walks is super helpful and I seriously appreciate all the advice folks are willing to give.
 
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