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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% |
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26-30
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7 |
2.01% |
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31-35
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34 |
9.74% |
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36-40
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63 |
18.05% |
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41-45
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88 |
25.21% |
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46-50
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60 |
17.19% |
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51-55
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66 |
18.91% |
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56-60
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20 |
5.73% |
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over 60
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10 |
2.87% |
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11-04-2014, 09:48 PM
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#41
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Dryer sheet wannabe
Join Date: Sep 2013
Location: Boise
Posts: 10
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42 invested assets.
Sent from my iPhone using Early Retirement Forum
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11-04-2014, 10:50 PM
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#42
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Dryer sheet aficionado
Join Date: Jun 2011
Posts: 36
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$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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11-05-2014, 12:03 AM
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#43
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Thinks s/he gets paid by the post
Join Date: Feb 2013
Location: Toronto
Posts: 3,237
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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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11-05-2014, 03:07 AM
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#44
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Recycles dryer sheets
Join Date: Apr 2007
Posts: 410
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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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11-05-2014, 04:57 AM
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#45
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Thinks s/he gets paid by the post
Join Date: Nov 2009
Location: SF East Bay
Posts: 4,125
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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.
__________________
Contentedly ER, with 3 furry friends (now, sadly, 1).
Planning my escape to the wide open spaces in my campervan (with my remaining kitty, of course!)
On a mission to become the world's second most boring man.
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11-05-2014, 05:48 AM
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#46
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 6,201
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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.
__________________
There must be moderation in everything, including moderation.
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11-05-2014, 06:56 AM
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#47
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Recycles dryer sheets
Join Date: Apr 2014
Posts: 159
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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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11-05-2014, 07:20 AM
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#48
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2014
Posts: 6,362
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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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11-05-2014, 09:22 AM
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#49
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2009
Posts: 6,471
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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."
__________________
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.
"I want my money working for me instead of me working for my money!"
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11-05-2014, 09:30 AM
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#50
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,939
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 Quote:
Originally Posted by Major Tom
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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11-05-2014, 09:35 AM
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#51
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2009
Posts: 9,143
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Quote:
Originally Posted by Major Tom
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. 
Sent from my iPad using Tapatalk
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11-05-2014, 09:43 AM
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#52
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Full time employment: Posting here.
Join Date: May 2007
Posts: 549
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Quote:
Originally Posted by Major Tom
How about an option for "I don't have a million yet"?
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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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11-05-2014, 09:48 AM
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#53
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,402
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How many mulligans have you had been? 
__________________
Numbers is hard
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11-05-2014, 09:51 AM
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#54
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2009
Posts: 9,143
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Quote:
Originally Posted by REWahoo
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!
Sent from my iPad using Tapatalk
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11-05-2014, 09:55 AM
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#55
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Administrator
Join Date: Jan 2008
Location: Land of Florida Man
Posts: 38,452
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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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11-05-2014, 10:00 AM
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#56
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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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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11-05-2014, 10:13 AM
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#57
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,866
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40 - in 2002. Bounced around a lot since then !
__________________
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11
ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
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11-05-2014, 10:41 AM
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#58
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Recycles dryer sheets
Join Date: Aug 2009
Location: Vancouver/Gulf Islands/Baja
Posts: 479
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This forum population in no way remotely represents overall society. And that's awesome for us.
__________________
Retired at 42... the world is my oyster, and I am now in the process of shucking the hell out of it.
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11-05-2014, 11:45 AM
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#59
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Full time employment: Posting here.
Join Date: Aug 2011
Location: Atlanta
Posts: 505
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Quote:
Originally Posted by David1961
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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not 100% sure but I would say between 40-45
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11-05-2014, 11:53 AM
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#60
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Location: St. Louis
Posts: 1,563
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Quote:
Originally Posted by robnplunder
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.
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That's a good one.
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