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View Poll Results: At what age did your NW hit $1 M?
under 25 1 0.29%
26-30 7 2.01%
31-35 34 9.74%
36-40 63 18.05%
41-45 88 25.21%
46-50 60 17.19%
51-55 66 18.91%
56-60 20 5.73%
over 60 10 2.87%
Voters: 349. You may not vote on this poll

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Old 11-04-2014, 10:48 PM   #41
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42 invested assets.


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Old 11-04-2014, 11:50 PM   #42
Dryer sheet aficionado
 
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Posts: 36
$1 mil = at 34 in May 2007
$2 mil = at 39 in Jan 2013
$2.9 mil = at 40 in Jun 2014

Investable assets (not including paid for home, vehicles, business, etc)
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Old 11-05-2014, 01:03 AM   #43
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I'm thinking 35 or 36 but I wasn't paying very close attention at that point.
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Old 11-05-2014, 04:07 AM   #44
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Hit it the first time at 38 (August 07)
Hit it again at 39 -- this time on the way down! (Sept 08)
Hit it back on the upside again at 40 (April 09).

Hopefully we are now far enough on the upside that we won't ever see ourselves down in that range again.
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Old 11-05-2014, 05:57 AM   #45
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How about an option for "I don't have a million yet"?

That would be me - and I'm already ER'ed! (Current age is 50, about to turn 51).

You guys still gonna talk to me, or will it be one of those things that over time, I notice I'm not being invited to as many events as I used to be, or I see you guys in a group on the other side of the room talking - and I'm not part of that group.......or I walk into the room and it goes strangely silent

However, with a 760K portfolio, an AA of ~60/40, and a draw that is ~2% of the current value, I occasionally wonder when I'll hit $1M.
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Old 11-05-2014, 06:48 AM   #46
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Never had a million, not likely that I ever will. But real comfortable.

Kind of neat that the millionaires were so easily flushed out of the woodwork.
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Old 11-05-2014, 07:56 AM   #47
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51, just a few months ago. That does include my pension lump sum if I were to retire today. This excludes my home net value -- if I counted that, I probably hit $1MM some time last year.
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Old 11-05-2014, 08:20 AM   #48
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Age 52. As others have said, the second million comes a lot easier. We're pretty close to $3 million now and I expect we'll get there even though I'm retired since our drawdown rate is likely to be about 2.5% per year over the next few years, and is likely to decrease after that as SS and a small pension kick in.
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Old 11-05-2014, 10:22 AM   #49
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Counting only my investments, I first hit the $1M mark about a week before my 47th birthday in April, 2010. I soon fell below $1M but got back above $1M in September, 2010. I nearly fell below it again in 2011 but stayed above it barely and have been above it ever since.

If I included the value of my co-op apartment, I first went above $1M some time in late 2006 or early 2007. I did not record the apartment's value so I can only make a best guess. Also, back then I did not record my 401k/ESOP account's value every month (I was still working). My age, either way, would have been 43, which is why I answered the poll "41-45."
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Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

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Old 11-05-2014, 10:30 AM   #50
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Quote:
Originally Posted by Major Tom View Post
How about an option for "I don't have a million yet"?

That would be me - and I'm already ER'ed! (Current age is 50, about to turn 51).

You guys still gonna talk to me, or will it be one of those things that over time, I notice I'm not being invited to as many events as I used to be, or I see you guys in a group on the other side of the room talking - and I'm not part of that group.......or I walk into the room and it goes strangely silent

However, with a 760K portfolio, an AA of ~60/40, and a draw that is ~2% of the current value, I occasionally wonder when I'll hit $1M.
Right - give em the razzberry or the middle digit if they don't look tooo mean.

1993 - maybe 250k. I didn't go to the monthly retiree's lunch for 5 yrs till 55 when my early pension check arrived.

heh heh heh - then did some temp work (1yr) in the 90's but the big dog was time in the market.
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Old 11-05-2014, 10:35 AM   #51
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Quote:
Originally Posted by Major Tom View Post
How about an option for "I don't have a million yet"?

That would be me - and I'm already ER'ed! (Current age is 50, about to turn 51).

You guys still gonna talk to me, or will it be one of those things that over time, I notice I'm not being invited to as many events as I used to be, or I see you guys in a group on the other side of the room talking - and I'm not part of that group.......or I walk into the room and it goes strangely silent

However, with a 760K portfolio, an AA of ~60/40, and a draw that is ~2% of the current value, I occasionally wonder when I'll hit $1M.

You made a big mistake mentioning this fact. Every time I have, I have noticed my posting privileges revoked and had to assume a new user name.


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Old 11-05-2014, 10:43 AM   #52
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Quote:
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How about an option for "I don't have a million yet"?
I am always amazed at how truly rich and young a lot of the posters here are....and while I appreciate their successes, I can't be the only one here who might feel a little insecure or embarrassed by my lack of financial success
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Old 11-05-2014, 10:48 AM   #53
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You made a big mistake mentioning this fact. Every time I have, I have noticed my posting privileges revoked and had to assume a new user name.
How many mulligans have you had been?
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Old 11-05-2014, 10:51 AM   #54
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How many mulligans have you had been?

I'm just hoping the mods are snoozing as I have exposed myself accidentally again with last post!


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Old 11-05-2014, 10:55 AM   #55
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Should we include the present value of all our future SS payments, along with any other pension?
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Old 11-05-2014, 11:00 AM   #56
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Chuckle. 3 times I became a millionaire. I am hoping that the third time sticks around.

40 (dot.com boom)
44 (recovered from dot.com boom crash)
49 (recovered from 2007-8 recession)

At 52 this year, I just forayed into multi-millionaire territory.
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Old 11-05-2014, 11:13 AM   #57
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40 - in 2002. Bounced around a lot since then !
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Old 11-05-2014, 11:41 AM   #58
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This forum population in no way remotely represents overall society. And that's awesome for us.
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Old 11-05-2014, 12:45 PM   #59
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For the millionaires here, at what age did you first have a net worth of $1M? Many, like me, enjoyed this milestone so much that we passed it several times going both ways. If that is you, list the age when you FIRST passed this milestone.
not 100% sure but I would say between 40-45
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Old 11-05-2014, 12:53 PM   #60
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Chuckle. 3 times I became a millionaire. I am hoping that the third time sticks around.

40 (dot.com boom)
44 (recovered from dot.com boom)
49 (recovered from 2007-8 recession)

At 52 this year, I just forayed into multi-millionaire territory.
That's a good one.
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