For the purposes of this thread, I see 3 broad categories of “you”:
25 year old single person
25 year old childless couple
25 year old couple with 2 babies (twins! yay!)
I picked 25 years old because it seemed old enough for most people to start thinking about retirement. Of course, some will start saving and investing earlier and some will never start at all ;). let’s assume that you are financially responsible without being an ascetic saint. To err is human, and so is to spend on vacations and sweet rides.
What is defined as escape from poverty? Up to you but I arbitrarily suggest the accumulation of $1M in net worth by age 60, including the total value of your house if you own one, all your cash and all your stocks in all your accounts (401k/IRA included), combined, minus the negative total of all your debt.
My guesses for ceilings (I assume the real numbers will always be lower):
Single person: $72,000/y net income ($6000 paycheck monthly). Or around 95K gross income.
Childless couple: $84,000/y net income ($7000 paycheck(s) monthly) or around 110k gross income.
Family of 4: $108,000/y net income ($9000 paycheck(s) monthly) or around 140k gross income.
Are those figure wildly off the mark or in line with your own estimates?