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-   -   Poll:Age when you became a millionaire (https://www.early-retirement.org/forums/f28/poll-age-when-you-became-a-millionaire-74308.html)

David1961 11-04-2014 03:09 PM

Poll:Age when you became a millionaire
 
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.

jetpack 11-04-2014 03:11 PM

I think I was 35 or so. I remember adding things up and gasping. I did start planning longer vacations from then out.

travelover 11-04-2014 03:12 PM

At age 45 my ex and I had a million dollar portfolio. Then I had $500,000. Next time, I really had a million was age 53.

TimSF 11-04-2014 03:14 PM

I think I was 43.

Meadbh 11-04-2014 03:18 PM

48

rodi 11-04-2014 03:23 PM

My husband and I hit that milestone around age 41 or 42. We hit that point without counting the home equity several years later.

Mo Money 11-04-2014 04:03 PM

December 31, 2004 - age 43.

Car-Guy 11-04-2014 04:19 PM

Not 100% sure but I suspect it was 50 or 51. (So I picked the 51 to 55 category). What would also be interesting to know is how quickly after that did it take someone to hit 2m then 3m, etc. As many often say, the first million is the hardest or it takes money to make money. For me, the second came in less than 3 more years, the 3rd was faster than that, etc.

Rickt 11-04-2014 04:21 PM

Achieved net worth of $1M at age 45. Over $1M invested capital in the stock market at age 54 after we sold one of the two businesses that we owned. Thanks

sengsational 11-04-2014 04:30 PM

Quote:

Originally Posted by David1961 (Post 1512750)
Many, like me, enjoyed this milestone so much that we passed it several times going both ways.

Yep. First time, 48, counting just investable assets, which is what's in the spreadsheet that has history.

truenorth418 11-04-2014 04:32 PM

42.

calmloki 11-04-2014 04:32 PM

Probably somewhere around 50.

Vast majority of our wealth was in real estate and I tend to report worst case to myself. In 2004 Quicken says we had a net worth of $740k. The next year we show a NW of 1,867k. I'm sure that is almost completely due to assigning the tax man's "true cash value" to our properties rather than what we had paid for them. Pretty much all nonsense and guesstimates for real estate heavy us though - won't know what we have till it sells and we pay everyone with outstretched hands.

RetireAge50 11-04-2014 04:36 PM

Age 45 $1.0M
Age 48 $1.5M

Does not include any value associated with pensions or social security. Includes home equity of about $250k.


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jerome len 11-04-2014 04:37 PM

I owe'd millions before I earned a million......starting a business.

splitwdw 11-04-2014 04:39 PM

Last year at 42, not counting real estate.

Andre1969 11-04-2014 05:16 PM

I just broke the $1M threshold this past August, at the age of 44. Topped out at around $1,016,000 in investible assets at the end of the month. Fell back a bit in September, but closed out October at around $1,010,000. It would be more if I counted real estate, the cars, etc, but I figure those aren't things easily convertible into cash, and figuring their value can be a bit vague, so I left those out.

FIREd 11-04-2014 05:17 PM

I passed the $1M mark at age 36.

eta2020 11-04-2014 05:32 PM

Not overly surprising graph except for sizable group 26-30.

Boy I had nothing at that age...except pretty good education.

Live Free 11-04-2014 05:39 PM

Funny you should ask! We hit just over the $1M mark ($1,003,000) this week for the first time ever. I'm sure we will pass this number going up and down for awhile.

Age = 49

(Could have been here a lot sooner if we had lived more frugally and NOT veered off course after 2008. Dumb, dumb, dumb. I tend to always learn things the hard way.)

ernow 11-04-2014 05:44 PM

I hit it at age 40 late last year.


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