Join Early Retirement Today
View Poll Results: At what age did your NW hit $1 M?
under 25 1 0.29%
26-30 7 2.01%
31-35 34 9.74%
36-40 63 18.05%
41-45 88 25.21%
46-50 60 17.19%
51-55 66 18.91%
56-60 20 5.73%
over 60 10 2.87%
Voters: 349. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Old 11-10-2014, 01:13 PM   #121
Recycles dryer sheets
 
Join Date: Jul 2007
Posts: 204
9 million at 45 work and some inheritance.
steve88 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 11-10-2014, 10:21 PM   #122
Full time employment: Posting here.
 
Join Date: Feb 2008
Posts: 920
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.
tuixiu is offline   Reply With Quote
Old 11-10-2014, 11:39 PM   #123
Dryer sheet aficionado
 
Join Date: Jan 2010
Location: Alliance
Posts: 38
1 Mil at 36.

2 Mil last week at 40. Very nice feeling.
gomo is offline   Reply With Quote
Old 11-11-2014, 12:14 AM   #124
Thinks s/he gets paid by the post
 
Join Date: Apr 2006
Location: North Bay
Posts: 1,093
42....seems to be a popular age.
scrinch is offline   Reply With Quote
Old 11-11-2014, 03:02 AM   #125
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 12,250
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%
rodi is offline   Reply With Quote
Old 11-11-2014, 12:06 PM   #126
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
mickeyd's Avatar
 
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,472
Quote:
Originally Posted by Skyward1 View Post
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?

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.
mickeyd is offline   Reply With Quote
Old 12-24-2014, 11:52 PM   #127
gone traveling
 
Join Date: Jun 2014
Location: Suburbs of Mpls
Posts: 272
Just joined the club due to a larger than expected inheritance which closed the gap. Like many others, age 42.
dd564 is offline   Reply With Quote
Old 12-25-2014, 05:06 AM   #128
Thinks s/he gets paid by the post
 
Join Date: Feb 2014
Location: South central PA
Posts: 2,702
Quote:
Originally Posted by mickeyd View Post
That's your call. There are many roads to becoming a two comma guy. (My apologies to Taylor Laramore)

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
EastWest Gal is offline   Reply With Quote
Old 12-25-2014, 05:43 AM   #129
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,401
Quote:
Originally Posted by rodi View Post
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.
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.
Meadbh is offline   Reply With Quote
Old 12-25-2014, 07:42 AM   #130
Dryer sheet aficionado
Capwest28's Avatar
 
Join Date: Mar 2014
Location: Steamboat Springs
Posts: 41
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
Capwest28 is offline   Reply With Quote
Old 12-25-2014, 07:50 AM   #131
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2014
Posts: 5,088
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.
athena53 is offline   Reply With Quote
Old 12-25-2014, 08:52 AM   #132
Recycles dryer sheets
kmt1972's Avatar
 
Join Date: Mar 2013
Location: Scarsdale
Posts: 177
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.
kmt1972 is offline   Reply With Quote
Old 12-25-2014, 09:31 AM   #133
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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
2B is offline   Reply With Quote
Old 12-25-2014, 09:41 AM   #134
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 11,602
Quote:
Originally Posted by David1961 View Post
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.
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
youbet is offline   Reply With Quote
Old 12-25-2014, 10:18 AM   #135
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,337
Quote:
Originally Posted by youbet View Post
At 67, still haven't made it. Fortunately, DW is doing a bit better, FIRE'd since age 55.
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
2B is offline   Reply With Quote
Old 12-25-2014, 11:07 AM   #136
Thinks s/he gets paid by the post
 
Join Date: Nov 2014
Location: Austin
Posts: 1,013
At 47 then again at 49. I was 48 in 2008. :-) Doubled since then.



Sent from my iPad using Early Retirement Forum
big-papa is offline   Reply With Quote
Old 12-25-2014, 03:54 PM   #137
Recycles dryer sheets
 
Join Date: Jun 2010
Location: Southwest Florida
Posts: 450
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
Gill is offline   Reply With Quote
Old 12-25-2014, 09:52 PM   #138
Recycles dryer sheets
G8tr's Avatar
 
Join Date: Apr 2014
Posts: 185
Counting my individual assets, I was 40. If you include my spouse's assets, probably 37.


Sent from my iPad using Early Retirement Forum
G8tr is offline   Reply With Quote
Old 12-25-2014, 09:55 PM   #139
Recycles dryer sheets
cranberryjoe's Avatar
 
Join Date: May 2013
Location: Western US
Posts: 182
Not including value of home: $1M at 46, $2M at 54.
With home: $1M at 42, $2M at 49.
__________________
Megacorp-free since 2013
cranberryjoe is offline   Reply With Quote
Old 12-26-2014, 04:00 AM   #140
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2005
Posts: 5,466
first mil 51 , tripled it over the next 12 years
mathjak107 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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
Age FIRE became a priority UnrealizedPotential FIRE and Money 72 12-30-2014 12:52 AM
So, do you feel your age? Act your age? Like your age? vickko Life after FIRE 84 04-10-2010 01:47 PM
What Ever Became of Men's Groups? haha Other topics 58 05-20-2008 10:27 AM
How Many Know Someone Who Retired Then Became Seriously Ill Or Died? mountaintosea Health and Early Retirement 37 02-06-2007 11:44 PM
How Google almost became a Mutual Fund mickeyd Other topics 0 09-19-2006 02:08 PM

» Quick Links

 
All times are GMT -6. The time now is 01:44 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.