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Old 08-08-2014, 03:23 AM   #41
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At approx age 21 had $0 worth and 24 years of work under my belt...
Now net worth >$3M pretax ... So you can do the math. Approx $10K USD per month (simple average, non linear of course)- that's grand total of what I put in, what investments and house have gained etc. Of course, that does NOT include what uncle sam will get his grubby hands on as that money comes out....sadly....

I do remember my first real milestone -- seeing 10K usd tucked away into a stock account and thinking that was nice "rainy day insurance" ... kept socking it away and here we are.
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Old 08-08-2014, 06:31 AM   #42
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Originally Posted by scrabbler1 View Post
Not counting any 401k matching funds or 401k earnings (just my 401k contributions), and not counting the windfall from cashing out my company stock when I ERed in late 2008, I averaged about $42k in annual wage income from 1985-2008 and averaged $21k in savings and reinvested earnings from my taxable account's investments.
If I do as many others have done since I posted this, I can simply take my total portfolio ($1.3M) and divide it by the number of years it took me to get there. That is, from the year I began working full-time (1985). So, $1.3M / 29 is $44,800. That would include company match, company stock, and earnings on everything.
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Old 08-08-2014, 09:19 AM   #43
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A different view of how much saved (plus investment returns) compared to how much earned.
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Old 08-08-2014, 09:33 AM   #44
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About 90k/year for the household. Most of that is compounding since it started to snowball a lot at the end.

But if you look at what I was diverting from my gross pay into things that increase my net worth: 401k, 529 funds, mortgage paydown, etc... We were diverting about 50-60% of our gross pay into savings/debt reduction for the last several years. Part of that is in part to the lightbulb going off that if your spending budget is small, you need a smaller nest egg to retire on... so our nest egg grew faster while we spent less.
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Old 08-08-2014, 10:01 AM   #45
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Not sure how useful doing this calculation would be, as my net worth doesn't just consist of money saved from my salary, but also profits from several houses sold and an inheritance.

I could do the math but the result wouldn't tell me, or anyone else, anything useful.
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Old 08-08-2014, 10:40 AM   #46
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When I divide our net worth by the sum of my working years and my wife's, we came out OK, but not as well as a few people here. Darn, perhaps I did not save enough or was not good investor, or both.

Well, we raised and put two children through college loan-free and without public assistance or scholarship - they are gainfully employed in professional jobs now, thank you - so that might explain our weaker showing.
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Old 08-08-2014, 10:58 AM   #47
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Not sure how useful doing this calculation would be, as my net worth doesn't just consist of money saved from my salary, but also profits from several houses sold and an inheritance.

I could do the math but the result wouldn't tell me, or anyone else, anything useful.
I agree. A more useful calculation (assuming all the data were available) would be to tabulate all positive cash flows from employment sources over the years and to calculate the NPV (discounted for inflation). Too bad I don't still have my pay checks from 1980!
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Old 08-08-2014, 05:43 PM   #48
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Mine is definitely a good amount of growth, especially in a few choice years. I'm at 83k a year over 18 years. I wish I had a breakdown of $ in vs growth, that would be really cool to see.

Wow. Just realized that's more than my salary. DH's is still more, but that's pretty awesome.
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Old 08-09-2014, 04:09 PM   #49
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About 38k annual for me (includes employer match over 24 years) and probably 35k for DW, who was handicapped by the employer match and Dynegy's blow up in the Enron debacle. Actual savings rate ranged from 15% to about 25% after the boys finished college. It's probably 60-65% of actual annual average salary.

I'm on track to early semi-retire next year at 57 while younger DW works a few years longer, although at a less taxing job. I'll work parttime online for 40% of income. Retirement health insurance helps a lot. Good luck.
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Old 08-09-2014, 05:23 PM   #50
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A little over $49K for our household, including 401K match.
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Old 08-09-2014, 05:54 PM   #51
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When I divide our net worth by the sum of my working years and my wife's, we came out OK, but not as well as a few people here. Darn, perhaps I did not save enough or was not good investor, or both.

Well, we raised and put two children through college loan-free and without public assistance or scholarship - they are gainfully employed in professional jobs now, thank you - so that might explain our weaker showing.
Absolutely true. I'm at the other end of the college spectrum - my 529 accounts are part of my net worth since they haven't been spent yet.

(Just in case anyone cares - I don't include the 529's in my retirement plans - other than the idea that I need to keep contributing because I'm not quite there for fully funding their college.)
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Old 08-17-2014, 07:50 PM   #52
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45 years old.

$947,000/23 years working= $41,173/yr

meh

If I add the home equity:
$1,385,000/23 years working= $66,217/yr

Not so bad, but I do have a tendency to always be a little disappointed in myself. Does anyone else feel this way? One the one hand, I know that given my age, and the fact that I have needed to support a family of 4 on a single income, that our current level of savings is fairly good. There is however a part of me that is continually dissatisfied, but perhaps this isn't such a bad thing. I think feeling this way over the years has motivated me to save more than I might have otherwise. I'm guessing that at least some of you can relate

I've been flirting with $1,000,000 in investments for awhile now, but it just seems like it will never happen. I'm feeling the need for some kind of immediate reward now, so I've decided to transfer $22,000 to my bank account in order to pay off my mortgage. Tomorrow. Of course this will move me father away from the million dollar milestone, but knowing that I've never have to make another mortgage payment for the rest of my life will feel great.
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Old 08-18-2014, 07:00 PM   #53
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$166k/yr. That's more than we earned per year for the first 20+ years.
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Old 08-19-2014, 02:07 PM   #54
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Maximum $40,883.12
Average $9,031.27
Median $5,865.79
Minimum $0.00
Over the years 1988-2011. Does not include employer match.
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Old 08-19-2014, 07:09 PM   #55
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You know, i've been watching this thread and didnt even bother working mine out, knowing it would be small since i got off to a slow start saving. I finally did the division, surprised to say its 28k a year. 16 years of working, not quite as many saving. I was quite happy with that number, i just turned 36.


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Old 08-21-2014, 07:30 AM   #56
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73k/year for 27 years. Some years were really good. Not so much for bubble bursting years (dot.com, housing/mortgage).
Wow, that's insane (amazing).
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Old 08-21-2014, 09:42 AM   #57
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About $70k a year (including growth of investments but excluding house appreciation), averaged over 23 years.
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