Net worth 30-40 year olds

[ndnguy822000]

What is your net worth for persons in their 30-40? I am 35 and have about 155k in a 401k, 19k in a Roth, 420k in real estate and a few cars worth about 25k. Overall probably around 550k total net worth.

 

[evilanne]

You are doing good. I don't know what my NW was at your age. I had 401K equivalent account ~$125K-$200K at 35-40 years old that would be ~$180-$260K in today's dollars based on cost of living calculator.

 

[tinlizzy]

You're doing good. I'm 49 and 15 years ago I only had 40k in my 401k and some cash in the bank. My house was paid off but I don't include my house or car in my net worth.

 

[DrRoy]

You are doing much better than your peers.

 

[exnavynuke]

40 here, NW ~400k not including the $21k/year COLA'd "pension" I receive. Plan is to get that over $1M in the next 5-7 years and then retire. Living paycheck to paycheck in my 20's put a big damper on my net worth growth...

You might find this calculator interesting https://dqydj.com/net-worth-by-age-calculator-for-the-united-states/

 

[Car-Guy]

That was a while back but at 30, I probably had a negative NW. By the time I was 40 I'm sure my NW was positive but probably not by a lot (maybe 200 to 300k). It was the next 10 years (40 to 50) where I really started accumulating.

 

[Golden sunsets]

DS (age 32) just announced this past weekend that he and his DW's net worth just passed $500,000. In the OP's calculation of NW, I advise him not to include cars.


Sent from my iPad using Early Retirement Forum

 

[jetpack]

At 33, I had 300k and quit my day job.

 

[LOL!]

There's a whole website for the [-]new guy[/-] OP:
https://www.networthiq.com

 

[bigcmagor]

I was at $400k at 35 (1996), so you are ahead of me at your age. Net worth tumbled more than double this amount from 2009 to 2011 in what I call the dark years. The last five years have been a godsend for net worth recovery.

 

[ponyboy]

Wife is 32...$280,000
Im 34...$448,000

Our Total: $728,000

Not including house

 

[Woodsrider]

DW and I broke 7 figures on our 30s. Her company stock options were a large contributing factor.

 

[ndnguy822000]

Jus to clarify my primary resident is not on the list and vehicles listed are my extra cars.
My wife's net worth is not listed either.

 

[ndnguy822000]

Wife is 32...$280,000
Im 34...$448,000

Our Total: $728,000

Not including house

Wow fantastic !!!

 

[ndnguy822000]

At 33, I had 300k and quit my day job.

What do you do now since you quit your day job ? What type of business ?

 

[ndnguy822000]

I was at $400k at 35 (1996), so you are ahead of me at your age. Net worth tumbled more than double this amount from 2009 to 2011 in what I call the dark years. The last five years have been a godsend for net worth recovery.

I got lucky with the real estate market in 2009 when I bought a few cheap properties in California , otherwise I would only have the 401k. I guess a little bit of luck helps [emoji1]

 

[NgineER]

I got lucky, did not start accumulating much before going into the Great Recession. Started working after grad school at 32 (2007) with $45k to our names plus $50k in house. Hit $1M net worth (including primary residence) a couple of months after turning 40.
42 now with ~$1M invested, $200k cash (for investment properties) and $80k rental equity.

 

[Sniggle]

Dude, be prepared to feel humbled, as this board has many. many folks that have accumulated enviable stashes at incredibly young ages.

At 35 (1998), I think I had about $300K in my 401K and another $20K in outside investments, making about $60k a year, so you are doing well.

I am at about $1.6 now, so when you are in your early 50's you should be well north of $2 million. Gratz!

 

[ndnguy822000]

Dude, be prepared to feel humbled, as this board has many. many folks that have accumulated enviable stashes at incredibly young ages.

At 35 (1998), I think I had about $300K in my 401K and another $20K in outside investments, making about $60k a year, so you are doing well.

I am at about $1.6 now, so when you are in your early 50's you should be well north of $2 million. Gratz!

It's a blessing to have forums like this to be around like minded folks.

 

[ndnguy822000]

I got lucky, did not start accumulating much before going into the Great Recession. Started working after grad school at 32 (2007) with $45k to our names plus $50k in house. Hit $1M net worth (including primary residence) a couple of months after turning 40.
42 now with ~$1M invested, $200k cash (for investment properties) and $80k rental equity.

Amazing congrats , i too plan on getting more properties or paying one down significantly.

 

[Independent]

What is your net worth for persons in their 30-40? I am 35 and have about 155k in a 401k, 19k in a Roth, 420k in real estate and a few cars worth about 25k. Overall probably around 550k total net worth.

Without looking it up, I'll guess that $550,000 puts you the in the top 1% of net worth for single people in their 30's.

 

[ndnguy822000]

Without looking it up, I'll guess that $550,000 puts you the in the top 1% of net worth for single people in their 30's.

Sweet! I don't want to work forever so that's good to hear. Guess I'm not doing too bad for a cable guy. It's all about savings vs spending .

 

[dallas27]

With house, about 500 at 35. Now turning 39 at about 1 million. So yeah, it speeds up and thats nice to look forward too. (100% stock)

 

[FIREd]

My individual NW passed the $1M mark around my mid-30s.

 

[LOL!]

An inflation calculator: Inflation Calculator | Find US Dollar's Value from 1913-2017

For some of the old folks on this forum, a net worth of $500,000 back whenever is like a net worth of $1,000,000 today.