View Poll Results: At what age did your NW hit $1 M?
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under 25
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1 |
0.29% |
26-30
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7 |
2.01% |
31-35
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34 |
9.74% |
36-40
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63 |
18.05% |
41-45
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88 |
25.21% |
46-50
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60 |
17.19% |
51-55
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66 |
18.91% |
56-60
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20 |
5.73% |
over 60
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10 |
2.87% |
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Poll:Age when you became a millionaire
11-04-2014, 02:09 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 1,085
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Poll:Age when you became a millionaire
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.
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11-04-2014, 02:11 PM
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#2
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Recycles dryer sheets
Join Date: Aug 2013
Posts: 437
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I think I was 35 or so. I remember adding things up and gasping. I did start planning longer vacations from then out.
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11-04-2014, 02:12 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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At age 45 my ex and I had a million dollar portfolio. Then I had $500,000. Next time, I really had a million was age 53.
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11-04-2014, 02:14 PM
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#4
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Recycles dryer sheets
Join Date: Jul 2013
Location: Villa Grande
Posts: 275
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I think I was 43.
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11-04-2014, 02:18 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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48
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11-04-2014, 02:23 PM
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#6
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,171
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My husband and I hit that milestone around age 41 or 42. We hit that point without counting the home equity several years later.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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11-04-2014, 03:03 PM
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#7
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Recycles dryer sheets
Join Date: Mar 2014
Location: .
Posts: 382
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December 31, 2004 - age 43.
__________________
“We always may be what we might have been.” -- Adelaide Anne Procter
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11-04-2014, 03:19 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,864
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Not 100% sure but I suspect it was 50 or 51. (So I picked the 51 to 55 category). What would also be interesting to know is how quickly after that did it take someone to hit 2m then 3m, etc. As many often say, the first million is the hardest or it takes money to make money. For me, the second came in less than 3 more years, the 3rd was faster than that, etc.
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11-04-2014, 03:21 PM
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#9
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Recycles dryer sheets
Join Date: Jan 2012
Posts: 441
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Achieved net worth of $1M at age 45. Over $1M invested capital in the stock market at age 54 after we sold one of the two businesses that we owned. Thanks
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11-04-2014, 03:30 PM
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#10
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Moderator
Join Date: Oct 2010
Posts: 10,656
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Quote:
Originally Posted by David1961
Many, like me, enjoyed this milestone so much that we passed it several times going both ways.
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Yep. First time, 48, counting just investable assets, which is what's in the spreadsheet that has history.
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11-04-2014, 03:32 PM
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#11
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Full time employment: Posting here.
Join Date: Sep 2011
Location: Bushnell
Posts: 607
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42.
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11-04-2014, 03:32 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 7,281
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Probably somewhere around 50.
Vast majority of our wealth was in real estate and I tend to report worst case to myself. In 2004 Quicken says we had a net worth of $740k. The next year we show a NW of 1,867k. I'm sure that is almost completely due to assigning the tax man's "true cash value" to our properties rather than what we had paid for them. Pretty much all nonsense and guesstimates for real estate heavy us though - won't know what we have till it sells and we pay everyone with outstretched hands.
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11-04-2014, 03:36 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,660
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Age 45 $1.0M
Age 48 $1.5M
Does not include any value associated with pensions or social security. Includes home equity of about $250k.
Sent from my iPhone using Early Retirement Forum
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11-04-2014, 03:37 PM
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#14
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Full time employment: Posting here.
Join Date: Nov 2008
Posts: 728
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I owe'd millions before I earned a million......starting a business.
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11-04-2014, 03:39 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,764
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Last year at 42, not counting real estate.
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11-04-2014, 04:16 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Aug 2005
Location: Crownsville
Posts: 3,711
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I just broke the $1M threshold this past August, at the age of 44. Topped out at around $1,016,000 in investible assets at the end of the month. Fell back a bit in September, but closed out October at around $1,010,000. It would be more if I counted real estate, the cars, etc, but I figure those aren't things easily convertible into cash, and figuring their value can be a bit vague, so I left those out.
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11-04-2014, 04:17 PM
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#17
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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I passed the $1M mark at age 36.
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11-04-2014, 04:32 PM
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#18
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gone traveling
Join Date: Sep 2013
Posts: 1,248
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Not overly surprising graph except for sizable group 26-30.
Boy I had nothing at that age...except pretty good education.
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11-04-2014, 04:39 PM
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#19
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Recycles dryer sheets
Join Date: Aug 2012
Posts: 169
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Funny you should ask! We hit just over the $1M mark ($1,003,000) this week for the first time ever. I'm sure we will pass this number going up and down for awhile.
Age = 49
(Could have been here a lot sooner if we had lived more frugally and NOT veered off course after 2008. Dumb, dumb, dumb. I tend to always learn things the hard way.)
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11-04-2014, 04:44 PM
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#20
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Dryer sheet aficionado
Join Date: Jun 2014
Posts: 30
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I hit it at age 40 late last year.
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