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View Poll Results: Net worth--excluding pensions, etc--basically your future estate
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Under $1 million
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11 |
5.07% |
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$1 million - $10 million
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178 |
82.03% |
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$10 million - $25 million
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19 |
8.76% |
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$25 million - $50 million
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4 |
1.84% |
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$50 million - $100 million
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0 |
0% |
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over $100 million
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5 |
2.30% |
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05-22-2021, 07:29 PM
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#61
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Administrator
Join Date: Apr 2006
Posts: 23,035
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Pfffft. I see nothing starting with a "b", so why should I vote?
__________________
Living an analog life in the Digital Age.
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05-22-2021, 07:33 PM
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#62
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Thinks s/he gets paid by the post
Join Date: May 2019
Posts: 2,811
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Ridiculous poll. One because of the choices available, and also because it's going to vary a lot depending on whether you have a nice pension and health care, paid off house, cost of living, married vs. single, etc. Basically worthless. lol
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05-22-2021, 08:52 PM
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#63
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,764
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Well, after you figure in future Zimbabwean-type inflation my current stash could easily be over $100M. Buying power about 1/20th that in todays dollars.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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05-23-2021, 04:36 AM
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#64
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,871
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 Quote:
Originally Posted by harley
Well, after you figure in future Zimbabwean-type inflation my current stash could easily be over $100M. Buying power about 1/20th that in todays dollars.
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Just wait until the end of the year! We might all be considering a move to the Zim dollar. YMMV
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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05-23-2021, 04:45 AM
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#65
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gone traveling
Join Date: Dec 2018
Posts: 1,196
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Could be those bitcoin zillionaires joining the group.
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05-23-2021, 05:37 AM
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#66
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2012
Posts: 6,173
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One thought I have is that many with a net worth over 25 million might be FI, but do not consider themselves RE. They are continuing to work at things they enjoy, and/or feel gives them prestige. I have friends from college in that category. They are "fascinated" (as a compliment) that I am completely retired, they feel they could never do that.
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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05-23-2021, 06:17 AM
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#67
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: Reading, MA
Posts: 1,790
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Quote:
Originally Posted by GenXguy
Ridiculous poll. One because of the choices available, and also because it's going to vary a lot depending on whether you have a nice pension and health care, paid off house, cost of living, married vs. single, etc. Basically worthless. lol
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This is a simple poll on current Net Worth, if you die tomorrow.
Not intended to have anything to do with healthcare, cost of living, etc...
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05-23-2021, 06:47 AM
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#68
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2013
Location: Texas
Posts: 10,926
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Just curious, for those of you who believe that several posters here (4 so far on this poll) actually have over $100 million usd NW, do you live in a state that has legalized marijuana?
__________________
20's "something" mind, trapped in a 70's "something" body
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05-23-2021, 07:02 AM
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#69
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Thinks s/he gets paid by the post
Join Date: Oct 2019
Posts: 3,671
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Quote:
Originally Posted by Sojourner
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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I also noticed the word future and thought it confusing. I have used Firecalc and have a chance of going into the $10M to $25M bracket, but I have to live a long time and and win the SOR lottery. 
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05-23-2021, 07:24 AM
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#70
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 17,871
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Quote:
Originally Posted by Time2
I also noticed the word future and thought it confusing. I have used Firecalc and have a chance of going into the $10M to $25M bracket, but I have to live a long time and and win the SOR lottery. |
Or move to Ohio and get your shots. Well, that's only a$mil so better stick to Oregon. I love their motto "WHEN YOU PLAY, OREGON WINS!" Anyone who thinks differently about ANY lottery is kidding themselves. Of course, if you ARE the winner, YMMV.
__________________
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.
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05-23-2021, 07:33 AM
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#71
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,499
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Assuming the following:
We had kept working
We had kept saving
The mkt returns 10% annually
We do the above till age 80
Ignore taxes and RMDs
Results NW >$45M
See, that was easy! (Well all except the working till 80 part.)
__________________
"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
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05-23-2021, 07:42 AM
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#72
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,296
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Quote:
Originally Posted by Nick12
Could be those bitcoin zillionaires joining the group.
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1k investment in 2009 with no selling and you too would be over 100mm. 
__________________
TGIM
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05-23-2021, 08:17 AM
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#73
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Thinks s/he gets paid by the post
Join Date: Oct 2019
Posts: 3,671
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Quote:
Originally Posted by Koolau
Or move to Ohio and get your shots. Well, that's only a$mil so better stick to Oregon. I love their motto "WHEN YOU PLAY, OREGON WINS!" Anyone who thinks differently about ANY lottery is kidding themselves. Of course, if you ARE the winner, YMMV.
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Not sure if you understood, it was, if I win the 'Sequence Of Return' lottery, i.e. lots of positive market returns in sequence.
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05-25-2021, 07:28 AM
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#74
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,292
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Quote:
Originally Posted by Car-Guy
I can believe the few that voted for 10 to 25m but I suspect most of them are nearer 10 than to 25... Anything above that and why would they be spending any time here, unless its to see how the Peons get by on mere millions.
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+1. I can’t imagine why the folks the OP is interested in would be regulars here. And there’s no doubt some if not all the top poll options are bogus votes…
Quote:
Originally Posted by firewhen
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.
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And rest assured you still don’t know…
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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05-25-2021, 11:44 AM
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#75
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Recycles dryer sheets
Join Date: Oct 2015
Posts: 86
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Quote:
Originally Posted by mrfeh
Poll options really need to be more granular. Most will fall between 1 and 10, and that's a large range.
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Agree - very little info on the users of this site outside of 80% fall into one bucket.
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06-01-2021, 11:34 PM
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#76
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Thinks s/he gets paid by the post
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
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Quote:
Originally Posted by zekeboz
Agree - very little info on the users of this site outside of 80% fall into one bucket.
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+1
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
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06-02-2021, 12:22 PM
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#77
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Recycles dryer sheets
Join Date: Nov 2011
Posts: 185
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Interesting conversation with my college-aged son recently... One of his finance professors assigned them to determine how much savings they will need to accumulate for retirement. I asked him what his initial estimate was...he said $2 million would seem like plenty. So I then asked him what level of spending, including taxes, would represent a desired quality of life in retirement TODAY. He thinks $200,000 would be a good goal. OK, so then I asked when he plans to retire...he thinks age 60 would be reasonable. Are you counting on Social Security or a pension? uhh, NO. Alright, so assuming 3% inflation, what income level will be needed 37 years into the future to equate to purchasing power of $200,000 today? -- turns out it's ~$600,000! Wow, so...still think $2 million sounds like enough for a 30-year retirement? Hmmm, maybe not. Then I introduced him to the 4% rule as a decent starting point for figuring out a number. $600,000 x 25 = $15 million! I told him to get busy making money and saving. This was an enlightening conversation for him.
__________________
FIREd 2012 at Age 49
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