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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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11-05-2014, 08:20 PM
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#81
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Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: St. Louis
Posts: 2,179
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 Quote:
Originally Posted by Car-Guy
A smart man only believes half of what he reads and hears, a wise man knows which half to believe.
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...and the truly intelligent and learned person sees both the forest and individual trees - as well as the mountain and valley beyond.
You forget that virtually every single active poster on this forum is likely in the top 5% of net worth in the US for their age group - heck, probably irregardless of age! (for the Americans....and likely probably the same for our international posters).
Is it that surprising that of that select 5% subset, that a tiny % of that 5% would possibly be in a position to be in the 1% or higher for their age brackets?
__________________
Dryer sheets Schmyer sheets
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11-05-2014, 08:47 PM
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#82
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Thinks s/he gets paid by the post
Join Date: Mar 2011
Location: North TX
Posts: 1,287
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1 year ago @ 43...up to 1.06mm now.
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11-05-2014, 08:55 PM
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#83
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Dryer sheet wannabe
Join Date: Sep 2014
Location: Las Vegas
Posts: 11
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We hit it sometime last year 51 & 52 not counting RE. We r both cutting back to part time work in Jan '15......easing into ER. 
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11-05-2014, 09:23 PM
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#84
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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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I wouldn't worry about it either, VaCollector. One of the reasons I fairly often mention my WR and the relatively modest size of my portfolio is to help "represent", as the kids say. The average retiree here seems to have a portfolio of around $1M-$2M, perhaps with SS and/or a pension. Some of the ER's with smaller portfolios have a fair bit in the way of pensions and/or SS to make up for their smaller amount of invested assets. I don't feel that I am in any way "flying the flag" for ER's with modest portfolios, but I think we all benefit when there is as much transparency as possible in the forum.
According to Walt, you can even get a heated toilet seat. Perhaps I'll treat myself to one of those when I pass the $1M mark!
And Mulligan - good thing I'm an INTJ/INFJ, or I might actually care about a possible exclusion from the Country Club. It's freeing not giving much of a hoot what others think 
__________________
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, 09:32 PM
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#85
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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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Quote:
Originally Posted by MichaelB
Should we include the present value of all our future SS payments, along with any other pension?
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In these kinds of polls, the tacit agreement seems to be that we don't. If there were a standardized way in which the present value of pensions and SS could be included, I'd be up for it. Anything to make mine look a bit bigger 
__________________
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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11-06-2014, 04:34 AM
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#86
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Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,389
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I would also like to say don't worry too much about it.This forum is supportive of everyone regardless if you have a million or not.I am 44 and I have 213k in investable assets.Am I ashamed or embarassed I don't have more?Not at all.Compounding effects will soon begin to take me to another level.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
The first rule of compounding: Never interupt it unnecessarily. Charlie Munger
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11-06-2014, 04:58 AM
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#87
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,074
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Quote:
Originally Posted by NW-Bound
Portfolio gaining 5x in 7 years! I am green with envy.
But if it involves putting it all in one stock, well, I am too chicken for that. And if it is about working for some companies for stock options, I am too old and tired for anybody to want me, and then I am also retired.
Darn, it's hard to keep up with the Jones when you have no earned income to buy stocks, let alone drawing down your stash for home repairs, buy health insurance, put gas in your motorhome. And then, I got reminded that I needed to halve my number because I am married. There goes the "multimillionaire" label.
I feel poor!
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It was stock options and the gravy train ends next year, but no worries...we'll be fine.
Sent from my iPhone using Early Retirement Forum
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11-06-2014, 09:18 AM
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#88
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,608
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44
__________________
For the fun of it...Keith
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11-06-2014, 10:03 AM
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#89
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Full time employment: Posting here.
Join Date: Jan 2014
Location: Austin
Posts: 656
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53
__________________
ER'd 6/1/2014 @ age 53. Wow, is it already 2022?
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11-06-2014, 01:09 PM
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#90
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Recycles dryer sheets
Join Date: Jun 2008
Location: Redmond
Posts: 260
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38
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11-06-2014, 01:10 PM
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#91
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Posts: 4,629
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Quote:
Originally Posted by Car-Guy
A smart man only believes half of what he reads and hears, a wise man knows which half to believe.
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Couldn't help thinking of:
Quote:
People say believe half of what you see,
son, and none of what you hear.
....
Don't you know...
I heard it through the grapevine
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11-06-2014, 05:18 PM
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#92
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Thinks s/he gets paid by the post
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,688
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Mid-30s .... several times 
__________________
Budgeting is a skill practised by people who are bad at politics.
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11-06-2014, 05:42 PM
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#93
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gone traveling
Join Date: Sep 2013
Posts: 1,248
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It does not matter. What I will say are:
20's was important time to get education and find good spouse.
30's was important time to lay down investment foundations/pay off house.
40's was important for very very rapid growth of NW.
50's I don't know.....I will start them soon. I think finish rapid Net Worth growth and
transition to RE.
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11-06-2014, 05:51 PM
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#94
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 34,855
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For me, early 50s is the time to put kids through college. Late 50s is the time to travel, to RV! Early 60s may be more of the same, until the late 60s, when you want to just sit in a rocking chair in the front porch, tending your petunias?
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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11-06-2014, 06:13 PM
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#95
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,325
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Interesting shape of curve forming with peaks in early forties and also early fifties. Explanation?
Those with and without children perhaps?
-gauss
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11-06-2014, 06:29 PM
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#96
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,736
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Quote:
Originally Posted by gauss
Interesting shape of curve forming with peaks in early forties and also early fifties. Explanation?
Those with and without children perhaps?
-gauss
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Divorce??
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11-06-2014, 06:29 PM
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#97
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,373
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Quote:
Originally Posted by gauss
Interesting shape of curve forming with peaks in early forties and also early fifties. Explanation?
Those with and without children perhaps?
-gauss
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Or perhaps dual-income families vs single-income? (I'm not sure that everyone is dividing NW by 2 if they're in dual-income situations.)
omni
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11-06-2014, 06:37 PM
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#98
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,373
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Quote:
Originally Posted by gauss
Interesting shape of curve forming with peaks in early forties and also early fifties. Explanation?
Those with and without children perhaps?
-gauss
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Or it might also be generation-related. It seems as though younger people are achieving higher salaries at younger ages than their immediate predecessors.
omni
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11-06-2014, 06:42 PM
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#99
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Recycles dryer sheets
Join Date: Feb 2013
Posts: 225
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I'm at about $260K at 25. Based on my extremely conservative projections, I should hit $1m (in today's dollars) by 40-43.
But I'm willing to bet I'll hit it a lot sooner (in today's dollars).
The big challenge for me will be staying the course. It's tough disciplining myself now with my modest portfolio (compared to you all). I can't imagine what it will be like when I'm 30-35 and my portfolio is much larger.
By the time I'm 35 given my predicted portfolio value, it be much more challenging for me to tolerate BS. However, given my young age and (predicted) young ER (anywhere from 40-50??), I try and focus on developing myself as a person (outside of work) so I can figure out what's important to me in life, besides my job and career, since I'll have so much free time in the future.
This is not to say I don't work hard or care about work - I do - but I try and leave work at the office and focus on developing myself more in my free time with positive reinforcements/relationships in life.
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11-06-2014, 06:46 PM
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#100
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Recycles dryer sheets
Join Date: Feb 2014
Location: San Diego
Posts: 71
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42
Sent from my iPhone using Early Retirement Forum
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