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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)

steve88 11-10-2014 01:13 PM

9 million at 45 work and some inheritance.

tuixiu 11-10-2014 10:21 PM

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.

gomo 11-10-2014 11:39 PM

1 Mil at 36.

2 Mil last week at 40. Very nice feeling.

scrinch 11-11-2014 12:14 AM

42....seems to be a popular age.

rodi 11-11-2014 03:02 AM

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.

mickeyd 11-11-2014 12:06 PM

Quote:

Originally Posted by Skyward1 (Post 1515363)
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)

dd564 12-24-2014 11:52 PM

Just joined the club due to a larger than expected inheritance which closed the gap. Like many others, age 42.

EastWest Gal 12-25-2014 05:06 AM

Quote:

Originally Posted by mickeyd (Post 1516107)
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.


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Meadbh 12-25-2014 05:43 AM

Quote:

Originally Posted by rodi (Post 1515965)
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.

Capwest28 12-25-2014 07:42 AM

Can't remember exactly but between 40-45. Now 57 and over 2M. No inheritance mostly stock that did well and conservative spending.


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athena53 12-25-2014 07:50 AM

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.

kmt1972 12-25-2014 08:52 AM

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.

2B 12-25-2014 09:31 AM

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.

youbet 12-25-2014 09:41 AM

Quote:

Originally Posted by David1961 (Post 1512750)
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.

2B 12-25-2014 10:18 AM

Quote:

Originally Posted by youbet (Post 1535201)
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.

big-papa 12-25-2014 11:07 AM

At 47 then again at 49. I was 48 in 2008. :-) Doubled since then.



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Gill 12-25-2014 03:54 PM

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

G8tr 12-25-2014 09:52 PM

Counting my individual assets, I was 40. If you include my spouse's assets, probably 37.


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cranberryjoe 12-25-2014 09:55 PM

Not including value of home: $1M at 46, $2M at 54.
With home: $1M at 42, $2M at 49.

mathjak107 12-26-2014 04:00 AM

first mil 51 , tripled it over the next 12 years


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