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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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11-10-2014, 12:13 PM
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#121
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 204
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9 million at 45 work and some inheritance.
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11-10-2014, 09:21 PM
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#122
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Full time employment: Posting here.
Join Date: Feb 2008
Posts: 920
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Sep 2012 so 44 years old.
Interestingly, never went under it again. Some other milestones have hit then dipped so went under and had to suffer celebrating achieving 'em multiple times. A million stuck.
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11-10-2014, 10:39 PM
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#123
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Dryer sheet aficionado
Join Date: Jan 2010
Location: Alliance
Posts: 38
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1 Mil at 36.
2 Mil last week at 40. Very nice feeling.
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11-10-2014, 11:14 PM
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#124
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Location: North Bay
Posts: 1,120
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42....seems to be a popular age.
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11-11-2014, 02:02 AM
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#125
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 13,566
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Another explanation for the double peak - as you get into your 40's and 50's you and/or your spouse are more likely to receive an inheritance. Even a smallish inheritance can push your savings over the million dollar mark if you were close already.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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11-11-2014, 11:06 AM
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#126
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,569
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 Quote:
Originally Posted by Skyward1
Is becoming a millionaire and having a NW of 1 million the same thing? Are you a millionaire if you and your spouse have a NW of 1 million?
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That's your call. There are many roads to becoming a two comma guy. (My apologies to Taylor Laramore)
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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12-24-2014, 10:52 PM
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#127
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gone traveling
Join Date: Jun 2014
Location: Suburbs of Mpls
Posts: 272
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Just joined the club due to a larger than expected inheritance which closed the gap. Like many others, age 42.
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12-25-2014, 04:06 AM
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#128
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: South central PA
Posts: 3,217
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Quote:
Originally Posted by mickeyd
That's your call. There are many roads to becoming a two comma guy. (My apologies to Taylor Laramore)
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Don't forget there are a few 2 comma gals here too.😉
Anyway, 49. Inheritance pushed me over, but I was close. Would've got there sooner if not for a for a glitch in 2004.
Sent from my iPhone using Early Retirement Forum
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12-25-2014, 04:43 AM
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#129
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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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Quote:
Originally Posted by rodi
Another explanation for the double peak - as you get into your 40's and 50's you and/or your spouse are more likely to receive an inheritance. Even a smallish inheritance can push your savings over the million dollar mark if you were close already.
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At age 48 I went from close to $1m, to double millionaire status after receiving an inheritance. Without the inheritance I would have broken the $1m barrier that year.
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12-25-2014, 06:42 AM
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#130
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Dryer sheet aficionado
Join Date: Mar 2014
Location: Steamboat Springs
Posts: 41
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Can't remember exactly but between 40-45. Now 57 and over 2M. No inheritance mostly stock that did well and conservative spending.
Sent from my iPhone using Early Retirement Forum
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12-25-2014, 06:50 AM
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#131
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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. Hit $2 million in mid-2011 at age 58 and the financial crisis started. Now we're close to $3 million. We're at that figure if you count equity in the house.
Two good "bumps": we married and moved from NJ to a LCOL state in 2003 and sold our previous houses, mine in 2003 and DH's in 2004. Most of the equity released went into investments. It also helped that when we moved, we had a lot of money to put into savings so we rode the recovery after the dot-com bust and the 2011 crash.
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12-25-2014, 07:52 AM
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#132
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Recycles dryer sheets
Join Date: Mar 2013
Location: Scarsdale
Posts: 180
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I was 34 when I was still single. I got married the year after which added another $400K so I was destined to hit this milestone no matter what at 35.
__________________
"There are no solutions...there are only trade-offs." - Thomas Sowell
Looking to retire or semi-retire by 45 based on our net worth going to $6 million outside our house.
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12-25-2014, 08:31 AM
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#133
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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There wasn't a "Don't know" choice. When I lost my job at 51, I added up all my assets. It was safely over $1MM. I probably passed the milestone sometime in my 40's but I can't say when. I'm sure I got a good bump during the 90s.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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12-25-2014, 08:41 AM
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#134
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 12,715
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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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At 67, still haven't made it. Fortunately, DW is doing a bit better, FIRE'd since age 55.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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12-25-2014, 09:18 AM
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#135
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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Quote:
Originally Posted by youbet
At 67, still haven't made it. Fortunately, DW is doing a bit better, FIRE'd since age 55.
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That's a key point. For a couple is it $1MM each? I've always considered it a single pot and not my share - her share.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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12-25-2014, 10:07 AM
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#136
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Thinks s/he gets paid by the post
Join Date: Nov 2014
Location: Austin
Posts: 1,241
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At 47 then again at 49. I was 48 in 2008. :-) Doubled since then.
Sent from my iPad using Early Retirement Forum
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12-25-2014, 02:54 PM
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#137
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Recycles dryer sheets
Join Date: Jun 2010
Location: Southwest Florida
Posts: 470
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For those of us who began work in the '60's with salaries of four figures, when a million was serious money, it took a while longer.
Bruce
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12-25-2014, 08:52 PM
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#138
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Recycles dryer sheets
Join Date: Apr 2014
Posts: 197
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Counting my individual assets, I was 40. If you include my spouse's assets, probably 37.
Sent from my iPad using Early Retirement Forum
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12-25-2014, 08:55 PM
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#139
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Recycles dryer sheets
Join Date: May 2013
Location: Western US
Posts: 211
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Not including value of home: $1M at 46, $2M at 54.
With home: $1M at 42, $2M at 49.
__________________
Coworker: You're too young to retire. You have plenty of years left in you.
Me: That's the point.
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12-26-2014, 03:00 AM
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#140
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2005
Posts: 5,704
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first mil 51 , tripled it over the next 12 years
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