The replies so far may sound a little strange to you, you asked about your academic chances, and everybody’s talking finances. But don’t be surprised, there is a huge disconnect here.
On the surface of it, it doesn’t look too bad, if you were to get to a school that is need-blind for international students - you mentioned $120k/year, and some top schools indicate the cost of attendance would be within your budget with such family income AND “typical assets.” However, the innocent phrase “typical assets” is the key here. If your parents have any of the following: a business, a second home, no mortgage on your primary residence, rental property, decent non-retirement savings, investments, etc., etc., they will be surprised how rich they seem to FA office!
This is all based on our experience this year at Pomona, one of the schools on your list but another poster here went through the same thing at Harvard, the most generous of them all. However, Net Price Calculators (the more detailed versions) tend to be quite precise so find out the complete picture of your family assets, if you don’t have it yet, and you’ll know clearly where you stand - that’s exactly the “brutal honesty” you need!
One more thought: maybe your parents’ minds work differently but there are endless posts here at CC about ‘parental attitude adjustments’ - once the kid gets accepted into that fabulous, fabulous school, sometimes $20k becomes $50k… so, who knows?