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View Poll Results: Net worth--excluding pensions, etc--basically your future estate
Under $1 million 11 5.12%
$1 million - $10 million 176 81.86%
$10 million - $25 million 19 8.84%
$25 million - $50 million 4 1.86%
$50 million - $100 million 0 0%
over $100 million 5 2.33%
Voters: 215. You may not vote on this poll

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Old 05-22-2021, 09:10 AM   #21
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One thing that sticks out to me with this poll (albeit it limited voting so far) is only one person has voted under a million, yet I read frequently about folks here with a NW well under a million. I'm sure there are good reasons why, just seems odd.


I also think NW polls like this are very misleading, especially if you don't count/consider things like pensions/SS, etc... Of course YOMV....


Example, let's say two people, the same age, each have a NW worth of 500k on the day before they retire. One person selects the lump sum retirement package of 1m and the other takes the annuity option estimated to be worth a million in normal payout.... The day after they retire the person that took the lump sum can now claim to have a NW of 1.5m and the person that took the annuity can still only claim he has 500k... From my POV, they are both millionaires.
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Old 05-22-2021, 09:19 AM   #22
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I think it's an interesting poll. There are some people here who are quite well off.

You could do more granularity in the 1-10 million range but I am not sure what that would tell you since pensions and social security matter.

Has there been a poll about what withdrawal rate folks would need from their portfolio to cover basic expenses? That seems to me to be a better measure of potential fatness. Some retired military folks have posted who have saved a lot but spending is entirely covered by pensions.
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Old 05-22-2021, 09:20 AM   #23
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Quote:
Originally Posted by Car-Guy View Post
One thing that sticks out to me with this poll (albeit it limited voting so far) is only one person has voted under a million, yet I read frequently about folks here with a NW well under a million. I'm sure there are good reasons why, just seems odd.
Not odd at all, considering the OP has posted twice that they have little interest in hearing from "the poor folks" on the forum with less than $10M
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Old 05-22-2021, 09:22 AM   #24
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A net worth poll is fine, but when we're talking Fat FIRE, I think it's more about income in retirement for many of us.
An income of $200,000 per year from pensions, annuities, SS and tax-deferred withdrawals (RMDs or similar) equates to a few million in assets, for instance...
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Old 05-22-2021, 10:44 AM   #25
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Net worth--excluding pensions, etc--basically your future estate
Quote:
Originally Posted by firewhen View Post
For simplicity, lets not worry about the value of pensions, but only the value of what your estate would be (investable assets, house, etc.).
Based on the OP's wording of the poll and the initial post (which I bolded above), the poll question itself is confusing. Are we talking about our current net worth, or what we expect our "future estate" "would be"?

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Originally Posted by firewhen View Post
I will include 2 lower rungs so everyone can participate, but I am most curious about the higher end and how far that goes.
LOL... The two "lower rungs" cover roughly 99% of ALL households in the U.S. Only 9 people here on the forum have voted in the $10+ million categories, and I can only think of one or two active forum members who have posted about having $15+ million NWs in recent years.

Let's say the final numbers turn out to be 85% in the lower rungs, 12% in the middle rungs, and 3% in the stratospheric rungs ($50+ million). So what? Not sure what the OP is trying to elucidate with this poll.
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Old 05-22-2021, 11:46 AM   #26
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There are now 3 over $100M -- if that is to be believed, or simply poll stuffing.
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Old 05-22-2021, 11:46 AM   #27
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I put the lower options for completeness. But am really mostly interested in how many eight figure, or even nine figure, net worths there are here.
And you will never know with a self-selected poll.

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Old 05-22-2021, 11:55 AM   #28
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There are now 3 over $100M -- if that is to be believed, or simply poll stuffing.
While it's certainly plausible, given that the average NW here at e-r.org is much higher than the population at large, I tend to doubt it. I don't recall ever having seen a post from someone indicating a NW of that magnitude. Perhaps these $100 millionaires are reluctant to discuss (or hint at) their massive nest eggs... but then, if so, why reply to a poll question about it?
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Old 05-22-2021, 11:56 AM   #29
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3 People with $100 Million networth .. get out of here .. Fat Fire now
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Old 05-22-2021, 12:03 PM   #30
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I know a couple of very high net worth folks (won the Silicon Valley start up lottery). I'm pretty sure they would have zero interest in most of the discussions on ER.org.
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Old 05-22-2021, 12:09 PM   #31
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How do I vote in the poll? When I do web view, doesnít give me an option to vote.
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Old 05-22-2021, 12:10 PM   #32
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Not sure if I have seen this, how high net worth gets at the upper reaches here. For anonymity purposes, vote without leaving a comment if you prefer. For simplicity, lets not worry about the value of pensions, but only the value of what your estate would be (investable assets, house, etc.). I will include 2 lower rungs so everyone can participate, but I am most curious about the higher end and how far that goes.
Considering that 85% are 'lower rungs' .. that's the big majority of 'everyone'
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Old 05-22-2021, 12:17 PM   #33
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There are now 3 over $100M -- if that is to be believed, or simply poll stuffing.
We are amongst
the rich and famous. I would like to meet someone that rich!! Nice job to your success in life.

Maybe I need to get back to work. Lol
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Old 05-22-2021, 12:17 PM   #34
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How do I vote in the poll? When I do web view, doesn’t give me an option to vote.
Log in if you haven't already done so. You may then need to refresh the first page of the thread in your browser to show the poll with your vote enabled.
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Old 05-22-2021, 12:38 PM   #35
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Our net worth is less than our spending capabilities, due to our pensions.

There are many on this forum with far more in assets than we have, I find everyones contributions to this forum interesting and many great "pearls of wisdom" can be had, no matter how much money, or how little, you have.
One of the greatest has been imoldernu, may he Rest in Peace. A man who's wealth was in his wisdom and willingness to share his frugal living ideas.
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Old 05-22-2021, 01:08 PM   #36
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Maybe there is someone famous here voting.
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Old 05-22-2021, 01:16 PM   #37
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While it's certainly plausible, given that the average NW here at e-r.org is much higher than the population at large, I tend to doubt it. I don't recall ever having seen a post from someone indicating a NW of that magnitude. Perhaps these $100 millionaires are reluctant to discuss (or hint at) their massive nest eggs... but then, if so, why reply to a poll question about it?
+1 although I believe there was one poster in the last 6 months who had a NW somewhere around 25 million or was getting there.
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Old 05-22-2021, 01:28 PM   #38
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Our net worth is less than our spending capabilities, due to our pensions.

There are many on this forum with far more in assets than we have, I find everyones contributions to this forum interesting and many great "pearls of wisdom" can be had, no matter how much money, or how little, you have.
One of the greatest has been imoldernu, may he Rest in Peace. A man who's wealth was in his wisdom and willingness to share his frugal living ideas.
what happened to imoldernu?
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Old 05-22-2021, 01:38 PM   #39
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what happened to imoldernu?
He passed away in 2019.
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Old 05-22-2021, 01:38 PM   #40
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His son let us know he had passed away.
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