The first million takes the longest to achieve

If your and your wife's investments are in similar investments, then combining them into one account would have no affect on compounding rates. If one of you has a conservative investment like CDs or mostly bonds, then just changing the asset allocation would likely increase the earnings and therefore compounded earnings rate.
Good point. My wife will not invest in what I have anyway. I thought the only feasible asset would be combined VTI, but nope. She rather keep it in a TSP and/or savings account. Nothing I can show on ROI will convince her otherwise. This of course, is for another thread.
 
First one was earned last year..... who knows when the next one will be (if at all)?

We're older and had a low salary while living in a VHCOL for our adult lives (longggggggggggg story there).

Given all that, I'm very grateful and maybe some miracle will give us our second million some day... in the not-so-distant future. If anything, our story is motivational in that it CAN happen for everyone - including low wage earners "stuck" in VHCOL.
 
I started with $38,000 in 2009 and retired in Nov 2021 after owning several stocks and had about $2.5 million + then 6 weeks later the stock I now own (AMD) had dropped by 1/3rd then later in the year for a total of 2/3rds loss..... About $158 to $54 😫
The stock is back up to about where I had retired but I have less shares due to taxes etc.
It momentarily hit $227 on March 8th, 2024 then dropped to $143 and now back up to $166+. The future looks good as I do not have any taxes to pay as I have money to live on that was already taxed that will last several years before needing the stock money. Next I may buy nvidia after the split (will see how fast it starts to rise up) and then Starlink when available. I will be making many millions quickly then 😁
 
I remember you quoting someone who said at age 60, one only has about 15 good years left.
So at age 72, I hope you find that to be untrue.
Heh, heh, at 60, I had 10 good years left. Now at 77, I hope for a few more "acceptable" years. :cool:
 
I started with $38,000 in 2009 and retired in Nov 2021 after owning several stocks and had about $2.5 million + then 6 weeks later the stock I now own (AMD) had dropped by 1/3rd then later in the year for a total of 2/3rds loss..... About $158 to $54 😫
The stock is back up to about where I had retired but I have less shares due to taxes etc.
It momentarily hit $227 on March 8th, 2024 then dropped to $143 and now back up to $166+. The future looks good as I do not have any taxes to pay as I have money to live on that was already taxed that will last several years before needing the stock money. Next I may buy nvidia after the split (will see how fast it starts to rise up) and then Starlink when available. I will be making many millions quickly then 😁
I'm not a big fan of single stocks though I do own a fair amount of Megacorp stock (which has out performed of late.) My preference is for index funds which tend toward more average (rather than out sized) returns. YMMV
 
Did some portfolio numbers this morning since halfway through the year. If markets go as they have been the last couple years, I will add another million by next year at this time. I'm still on track of averaging one ~ every 35 months.
 
I added another 1M+ since my post on this thread.

Having last job with Nvidia had it's benefits.

No matter the size of your income, financial stability ultimately comes down to a simple principle: consistently spending less than you earn. This approach ensures savings, reduces debt, and fosters long-term financial health. Wealth isn't just about making more money—it's about managing your resources wisely and maintaining a sustainable lifestyle.
 
Did some portfolio numbers this morning since halfway through the year. If markets go as they have been the last couple years, I will add another million by next year at this time. I'm still on track of averaging one ~ every 35 months.
Awesome! You’ve got yourself a license to print money!
 
Truly remarkable to see the eighth wonder of the world of compounding interest in action! Can take decades to reach 1 M , but after that each additional million comes so much quicker. Really enjoy reading folks financial milestones.
 
I know of a guy whose father is a multi-millionaire and never had an annual income over 35K. He is 85 years old but was an avid investor and to this day lives below his means.

Two things that are a giving, is spend less than you make, and the power of compounding will get you success.
 
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I know of a guy whose father is a multi-millionaire and never had an annual income over 35K. He is 85 years old but was an avid investor and to this day lives below his means.

Two things that are a giving, is spend less than you make, and the power of compounding will get you success.

As does living to 85+. Warren Buffet’s fortune was large but un-newsworthy in his 50s. Compounding for another four decades helps a lot!
 
For fun, I calculated our growth for the past 150 day to be ~$1500/day. If only it could stay there...

was that from investments?
 
For fun, I calculated our growth for the past 150 day to be ~$1500/day. If only it could stay there...

was that from investments?
If you asked the question for my post the answer is Yes.
 
Truly remarkable to see the eighth wonder of the world of compounding interest in action! Can take decades to reach 1M, but after that each additional million comes so much quicker.
Yup. I had been thinking about this thread and decided to play around with a compound interest calculator.

If one were to invest 100% in, say, a stock market returning a steady 10%, with daily compounding the first million could produce a second million in just 7 years, the second million could produce the third in about 4 more years, and the third could produce the fourth in just 3 more years, and so on.

For me, the first million took something like 30 years not because I had a low-paying job (I worked in two well-paying fields), or had kids (I didn't), or didn't max out my 401k contributions (I did) but because I had a conservative portfolio in that 401k and did not dabble in the stock market or even buy mutual funds outside the 401k; I was under the impression that a 401k is all anyone needs to achieve the retirement dream. In hindsight (isn't hindsight great), as a younger person with few responsbilities in life I think I could have invested more aggressively. I didn't lose as much value in the 2000 downturn or the Great Recession of 2008, for example, as people I knew who were 100% in stocks, but in hindsight I realize I could have comfortably weathered those storms and others.
 
For fun, I calculated our growth for the past 150 day to be ~$1500/day.
+1 I even have mine broken down to an hourly amount, calculated on a 24 day. Why should Excel have it easy?!
 
I started with $38,000 in 2009 and retired in Nov 2021 after owning several stocks and had about $2.5 million + then 6 weeks later the stock I now own (AMD) had dropped by 1/3rd then later in the year for a total of 2/3rds loss..... About $158 to $54 😫
The stock is back up to about where I had retired but I have less shares due to taxes etc.
It momentarily hit $227 on March 8th, 2024 then dropped to $143 and now back up to $166+. The future looks good as I do not have any taxes to pay as I have money to live on that was already taxed that will last several years before needing the stock money. Next I may buy nvidia after the split (will see how fast it starts to rise up) and then Starlink when available. I will be making many millions quickly then 😁
AMD has been one of my best performing positions. What do you think of it's ability to be a leader in AI inference?
 
AMD has been one of my best performing positions. What do you think of it's ability to be a leader in AI inference?
For AMD to potentially dethrone Nvidia, it would require sustained leapfrog technological advancements, strong partnerships, and effective market strategies.

Close to impossible but AMD will do well IMO. If I had it, I would certainly not sell it.
 
Did some portfolio numbers this morning since halfway through the year. If markets go as they have been the last couple years, I will add another million by next year at this time. I'm still on track of averaging one ~ every 35 months.
Heh, heh, time to buy some more land, street. :cool:
 
Heh, heh, time to buy some more land, street. :cool:
Darn Koolau, I'm trying and I think it wll happen just got to be patient. Lol

Have a good Koolau!!
 
Here is our timeline, since someone mentioned they liked seeing others progress and since we hit a new milestone yesterday.
Keep in mind we are very conservative investors (40EQ,60FI)
and while we are still in accumulation phase I went from full time to part time work in 2015 at age 42.

2008 - 1.02
2009 - 1.21
2010 - 1.40
2011 - 1.56
2012 - 1.78
2013 - 1.93
2014 - 1.98
2015 - 2.10
2016 - 2.36
2017 - 2.38
2018 - 2.50
2019 - 2.55
2020 - 2.75
2021 - 2.90
2022 - 3.33
2023 - 3.18
2024 - 3.50
 
Here is our timeline, since someone mentioned they liked seeing others progress and since we hit a new milestone yesterday.
Keep in mind we are very conservative investors (40EQ,60FI)
and while we are still in accumulation phase I went from full time to part time work in 2015 at age 42.

2008 - 1.02
2009 - 1.21
2010 - 1.40
2011 - 1.56
2012 - 1.78
2013 - 1.93
2014 - 1.98
2015 - 2.10
2016 - 2.36
2017 - 2.38
2018 - 2.50
2019 - 2.55
2020 - 2.75
2021 - 2.90
2022 - 3.33
2023 - 3.18
2024 - 3.50
Excellent!!!
Thank You for sharing and at such a young age!!!! Wow
 
Here is our timeline, since someone mentioned they liked seeing others progress and since we hit a new milestone yesterday.
Keep in mind we are very conservative investors (40EQ,60FI)
and while we are still in accumulation phase I went from full time to part time work in 2015 at age 42.

2008 - 1.02
2009 - 1.21
2010 - 1.40
2011 - 1.56
2012 - 1.78
2013 - 1.93
2014 - 1.98
2015 - 2.10
2016 - 2.36
2017 - 2.38
2018 - 2.50
2019 - 2.55
2020 - 2.75
2021 - 2.90
2022 - 3.33
2023 - 3.18
2024 - 3.50
This was kinda the ideal time period for accumulation and subsequent growth. I'm curious what your inputs have been. In any case, you are well on your way to FIRE, assuming you have spending well documented and controlled.

Heh, heh, nothing wrong with conservative IMHO. :cool:

I haven't calculated (or even carefully tracked) my growth over this period, but then again, I've been withdrawing. And yet, due to the growth of my investments, I've had significant growth of roughly 3X during that time period. What a fantastic growth period! Along about 2008, I was beginning to wonder, but since then, it's all been good (with the exception of initial Covid issues.)

Be sure to enjoy the ride along the way to FIRE.
 
I like the format too. Here's ours of what I have data on. Ultra conservative here.

2013 - 1.03 Sabbatical in Mexico
2014 - 1.06 Sabbatical in Mexico
2015 - 1.06 Back in DFW
2016 - 1.14
2017 - 1.23
2018 - 1.40
2019 - 1.60
2020 - 1.73
2021 - 2.01
2022 - 2.09
2023 - 2.40
2024 - 2.59
 
One thing to note is that everyone here on this thread is using nominal numbers. If I use inflation adjusted numbers, we reached our first million in 2006 ($760K 2006 = $1M 2024). In nominal terms, we topped $1M in 2010. In recent times, the pace has quickened a bit, to say the least! We are up over $1M since Jan 1 of this year alone.
We have done this in the most boring Boglehead possible way :): wife and I both made good salaries but lived on one salary and invested aggressively for thirty years.
 
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