We’re 37 and want to have a multimillion-dollar compound for our kids. Is that a realistic goal?

Group 1 - The couple has a combined annual income of $400,000 from salary and investments, and they are both government employees [1][4] - They have a 401(k) balance of just over $300,000 and plan to save an additional $60,000 annually in growth-focused stocks until retirement [3][4] - The couple owns $1.2 million in properties and expects to receive a pension check of $10,000 per month upon retirement, along with an additional $4,500 from the wife's pension [2][4] Group 2 - The couple is working to eliminate all debt within a year, with a focus on maintaining manageable mortgage payments [3][5] - They are considering transitioning to lower-risk investments as they approach retirement to protect their wealth from market downturns while still allowing for growth [5] - The wife is expected to inherit a couple of million dollars from a generational trust, which will further enhance their financial stability [4]