Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Net worth 30-40 year olds
Old 05-15-2017, 10:22 PM   #1
Recycles dryer sheets
 
Join Date: May 2017
Posts: 85
Net worth 30-40 year olds

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.
ndnguy822000 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-15-2017, 11:52 PM   #2
Recycles dryer sheets
evilanne's Avatar
 
Join Date: Feb 2017
Location: San Antonio
Posts: 178
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.
evilanne is offline   Reply With Quote
Old 05-16-2017, 12:34 AM   #3
Full time employment: Posting here.
 
Join Date: Jan 2005
Posts: 587
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.
tinlizzy is offline   Reply With Quote
Old 05-16-2017, 04:46 AM   #4
Thinks s/he gets paid by the post
DrRoy's Avatar
 
Join Date: Dec 2015
Location: Michigan
Posts: 4,962
You are doing much better than your peers.
__________________
"The mountains are calling, and I must go." John Muir
DrRoy is offline   Reply With Quote
Old 05-16-2017, 04:51 AM   #5
Thinks s/he gets paid by the post
exnavynuke's Avatar
 
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
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-c...united-states/
exnavynuke is offline   Reply With Quote
Old 05-16-2017, 06:26 AM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Car-Guy's Avatar
 
Join Date: Aug 2013
Location: Texas
Posts: 10,864
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.
Car-Guy is offline   Reply With Quote
Old 05-16-2017, 06:32 AM   #7
Thinks s/he gets paid by the post
Golden sunsets's Avatar
 
Join Date: Jun 2013
Posts: 2,518
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
__________________
"Luck favors the prepared mind"
Pasteur
Golden sunsets is offline   Reply With Quote
Old 05-16-2017, 06:49 AM   #8
Recycles dryer sheets
jetpack's Avatar
 
Join Date: Aug 2013
Posts: 437
At 33, I had 300k and quit my day job.
jetpack is offline   Reply With Quote
Old 05-16-2017, 06:52 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 10,252
There's a whole website for the new guy OP:
https://www.networthiq.com
LOL! is offline   Reply With Quote
Old 05-16-2017, 06:58 AM   #10
Recycles dryer sheets
 
Join Date: Oct 2015
Location: Indiana/Florida
Posts: 318
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.
bigcmagor is offline   Reply With Quote
Old 05-16-2017, 07:01 AM   #11
Full time employment: Posting here.
 
Join Date: Nov 2015
Posts: 661
Wife is 32...$280,000
Im 34...$448,000

Our Total: $728,000

Not including house
ponyboy is offline   Reply With Quote
Old 05-16-2017, 07:21 AM   #12
Dryer sheet wannabe
 
Join Date: Apr 2017
Posts: 14
DW and I broke 7 figures on our 30s. Her company stock options were a large contributing factor.
Woodsrider is offline   Reply With Quote
Net worth 30-40 year olds
Old 05-16-2017, 07:45 AM   #13
Recycles dryer sheets
 
Join Date: May 2017
Posts: 85
Net worth 30-40 year olds

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 is offline   Reply With Quote
Old 05-16-2017, 07:47 AM   #14
Recycles dryer sheets
 
Join Date: May 2017
Posts: 85
Quote:
Originally Posted by ponyboy View Post
Wife is 32...$280,000
Im 34...$448,000

Our Total: $728,000

Not including house


Wow fantastic !!!
ndnguy822000 is offline   Reply With Quote
Old 05-16-2017, 07:48 AM   #15
Recycles dryer sheets
 
Join Date: May 2017
Posts: 85
Quote:
Originally Posted by jetpack View Post
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 is offline   Reply With Quote
Old 05-16-2017, 07:49 AM   #16
Recycles dryer sheets
 
Join Date: May 2017
Posts: 85
Quote:
Originally Posted by bigcmagor View Post
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]
ndnguy822000 is offline   Reply With Quote
Old 05-16-2017, 08:32 AM   #17
Thinks s/he gets paid by the post
 
Join Date: Nov 2013
Posts: 1,031
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.
NgineER is offline   Reply With Quote
Old 05-16-2017, 08:32 AM   #18
Recycles dryer sheets
 
Join Date: Nov 2012
Location: Kearneysville
Posts: 239
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!
Sniggle is offline   Reply With Quote
Old 05-16-2017, 08:39 AM   #19
Recycles dryer sheets
 
Join Date: May 2017
Posts: 85
Quote:
Originally Posted by Sniggle View Post
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 is offline   Reply With Quote
Old 05-16-2017, 08:58 AM   #20
Recycles dryer sheets
 
Join Date: May 2017
Posts: 85
Quote:
Originally Posted by NgineER View Post
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.
ndnguy822000 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Are 25-35 year olds feeling discouraged yet? soupcxan Young Dreamers 85 06-12-2009 11:10 PM
1 Of 2 93-Year-Olds Charged In Manatee County Sex Sting Wags Other topics 18 03-28-2008 06:23 PM
OK, How Many 5 Year Olds Could You Take In A Fight poboy Other topics 24 12-25-2007 07:45 PM

» Quick Links

 
All times are GMT -6. The time now is 07:02 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.