Time to reach 1M and 2M milestones

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obgyn65
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Re: Time to reach 1M and 2M milestones

Post by obgyn65 » Tue May 19, 2015 6:52 am

To the OP- do you mean 1M increase in net worth or investable assets? The difference can be significant. In my case, every 5 to 10 years of full time activity.
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The Planner
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Re: Time to reach 1M and 2M milestones

Post by The Planner » Tue May 19, 2015 7:05 am

Newbie question: what is the difference between "net worth" and "investable assets"?

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Re: Time to reach 1M and 2M milestones

Post by Grt2bOutdoors » Tue May 19, 2015 7:28 am

The Planner wrote:Newbie question: what is the difference between "net worth" and "investable assets"?
Net worth - total assets less total liabilities

Investable assets - relatively liquid assets that can be utilized or spent on long term or short-term investment securities. You may have home equity, but it's not easily spent without one or two things occurring: 1) you sell your house, pay off liabilities; the net result is the equity is now realized in the form of cash that is liquid and 2) you take out a home equity loan or line of credit from which you draw upon, the home equity has now been converted to cash that is liquid and in return you have reduced your illiquid home equity but have now created a new liability that must be paid off after a certain term has passed or you have sold the asset. In addition, by creating that liability, you have also created a new expense in the form of interest that must be either paid immediately or over time, or is accrued to the principal balance owed the bank.
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Grt2bOutdoors
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Re: Time to reach 1M and 2M milestones

Post by Grt2bOutdoors » Tue May 19, 2015 7:35 am

The first $10K, $25K, $50K, $100K is the hardest. After that, continual contributions and asset appreciation reduces the headwinds and allow you to reach $1 million quicker. For a long while it seemed as if I would never reach $100K, then one day, lo and behold, assets went over that magic number. The next $100K came a lot faster, then it was $500K before you knew it, the market took a dump, and back down we went. It came back and back up it went. It took about 16 long years to get to the first big hurdle. Of course, I along with others my age had the special experience of having not one, but 3 big market declines come along, had this been ten years earlier, I would have gotten there a lot faster. Oh well, better late than never. The moral of the story is to keep chugging along and don't lose sight of your goals.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions

kmurp
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Re: Time to reach 1M and 2M milestones

Post by kmurp » Tue May 19, 2015 9:25 am

Hit 1,000,000 in 1999 after 12 years of work. Did not hit 2,000,000 until a few years ago so about another 12 years.

tampaite
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Re: Time to reach 1M and 2M milestones

Post by tampaite » Tue May 19, 2015 2:45 pm

I suppose this all depends on how much you EARN and the how much you INVEST.

Obviously, if you earn $50K in a year, your goal to reach $1M will be much more difficult than someone who earns $250K a year.

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FrugalInvestor
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Re: Time to reach 1M and 2M milestones

Post by FrugalInvestor » Tue May 19, 2015 3:00 pm

Abe wrote:Yes, it's true the time to go from 1 million to 2 million should be shorter because after reaching 1 million you have two things working for you: yourself plus 1 million. :happy
Possibly three since it's very possible that your income has risen substantially and being a Boglehead you haven't ratcheted your spending up to match, so your savings rate has increased as well.
IGNORE the noise! | Our life is frittered away by detail... simplify, simplify. - Henry David Thoreau

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Yesterdaysnews
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Re: Time to reach 1M and 2M milestones

Post by Yesterdaysnews » Tue May 19, 2015 5:06 pm

sanfran2015 wrote:
Yesterdaysnews wrote:I hit $1M net worth in 2010 (age 34), 2M in 2013 and 3M in 2015.
Wow! Thats super-fast. How much of that was market returns and how much was your additional contributions?
About 1/3 to 1/2 I'd say is new money. The rest thanks to this bull market.

mintster
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Re: Time to reach 1M and 2M milestones

Post by mintster » Tue May 19, 2015 6:48 pm

To the OP, we saved like crazy since we started working, we never really invested - until after the 09 crash, which is nice in a way....but it took us about 8 years for the 0.5M...

Our sizable portfolio barely moved in the past year. I am abt 90% equities + vg index funds. I don't understand how portfolios here are multiplying...heck ever since i started investing last yr in vg index funds, the market moves up 2 points then goes down 1.8 points :(

I know the BG philosophy is to stay the course, but anyone planning for the impending 20-30% market correction?

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TomatoTomahto
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Re: Time to reach 1M and 2M milestones

Post by TomatoTomahto » Tue May 19, 2015 7:14 pm

mintster wrote:To the OP, we saved like crazy since we started working, we never really invested - until after the 09 crash, which is nice in a way....but it took us about 8 years for the 0.5M...

Our sizable portfolio barely moved in the past year. I am abt 90% equities + vg index funds. I don't understand how portfolios here are multiplying...heck ever since i started investing last yr in vg index funds, the market moves up 2 points then goes down 1.8 points :(

I know the BG philosophy is to stay the course, but anyone planning for the impending 20-30% market correction?
In the past year, we are up 7.6% in our Vanguard funds. During that time, our purchases were slightly more than our returns. We are about 50/50.

I am not preparing for the impending 20-30% correction. If I had the date for it, I would prepare, but I don't have the date, so I don't prepare.

ETA: my wife runs marathons. She's not as fast as she used to be, and she wasn't a speedster even then. Otoh, she has never dropped out of a race. I can't run like that, but I can invest like that.

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Re: Time to reach 1M and 2M milestones

Post by evilityb » Tue May 19, 2015 7:20 pm

Investable assests: I will have $100,000 just around 3 years of working a full-time job at my salary ($62k starting, now at $76k). If my trusty little spreadsheet is correct and everything goes as planned (because that always happens) I will hit $1M after 18 years of saving/investing and $2M 8 years after that. I'll update you in 15 years and let you know if things worked out as expected :mrgreen:
Make sure the fortune that you seek is the fortune you need - Ben Harper

achen9291
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Re: Time to reach 1M and 2M milestones

Post by achen9291 » Tue May 19, 2015 7:34 pm

I need to get married asap.... well first, find a girl.

bcjb
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Re: Time to reach 1M and 2M milestones

Post by bcjb » Tue May 19, 2015 7:41 pm

achen9291 wrote:I need to get married asap.... well first, find a girl.
Where did that come from? Economies of scale? Jealous that TomatoTomahto is married to someone who runs marathons? :D

Whatever you do, if you want to post here soon about your 1M and 2M milestones, don't buy a fancy car to attract women (cf. other recent thread). :oops: (To be fair, the OP on that thread never once mentioned this as a motivation.)

aggie oilman
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Re: Time to reach 1M and 2M milestones

Post by aggie oilman » Fri May 22, 2015 7:14 am

I've been working 6 years and the wife has been working 5. We're still working on first million. Getting to 500k went pretty fast but slowed down quite a bit. Currently I'm trying to focus and get back to the basics to get out off this plateau.

jbird11
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Re: Time to reach 1M and 2M milestones

Post by jbird11 » Tue Jun 02, 2015 6:46 pm

This is an interesting topic.

I agree with a lot of the posts here... especially the ones that say the first 50K, and then 500K are the hardest.


I also find it interesting to consider what a real $1 million is, as opposed to a Net Worth $1 million. Hadn't really considered that.

For me, personally, I am currently 35 and hope to have $1 million in my investment portfolio by age 50.

We (wife & I) currently have $170K in our investment/retirement accounts, and we contribute $3000 per month to our IRA's/401K's (including company matches).

According to this calculator: http://www.bankrate.com/calculators/sav ... lator.aspx

We will have $1 million by age 46 (assuming 8% growth rate) but it won't really be worth $1 million until age 50 (assuming 3% inflation).

mindboggling
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Re: Time to reach 1M and 2M milestones

Post by mindboggling » Tue Jun 02, 2015 7:24 pm

When I graduated college in 1975 I had $5000.00 to my name in a savings account. I think I reached the one-million mark in my mid-50s. I don't remember when I started investing. I had some small accounts at brokerages early on. My first no-load mutual funds were with Scudder in the early 1980s. I briefly had some mutual funds at Fidelity after that, and started with Vanguard index funds in 1987. I've always lived below my means and contributing to 401k plans helped me accumulate a lot. I added extra money to Vanguard on my own, too. I partially retired at age 60 in 2013 with an investment portfolio of about 1.6 million. It's all with Vanguard now except for some I-bonds. Between working part-time and a fixed pension, I haven't withdrawn anything from my investment portfolio yet (going on two years). I was eligible for SS this year, but haven't applied. Don't need the money.

What turned me on to no-load index funds in the first place? The AAII Journal, of all things, in the mid-1980s.

steve
In broken mathematics, We estimate our prize, --Emily Dickinson

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Re: Time to reach 1M and 2M milestones

Post by Bacchus01 » Tue Jun 02, 2015 8:32 pm

Graduated college 1997 without a dime. Hit $1M in 2008. Slid below it until 2011 due to ththe crisis. Thus, hit first in 11 years. Hit second in 2015, or another 7 years. Expect to hit 3 in 3 more and 4 in 5 more from today. That would make us 46 to get to 4. From there it's about 12-18 months for each additional one until retirement at 52 with $10M.

That's the plan anyway.

Despite having ~$2M today, contributions still outpace returns.

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Re: Time to reach 1M and 2M milestones

Post by renue74 » Tue Jun 02, 2015 8:50 pm

Graduated college in 1996. Saved/invested ever since then...only small amounts. Up until age 37 (2011), I think we had about $300K in retirement and taxable accounts.

Sold a side-business in 2013 for a $1M asset acquisition. Tax men and women took a big chunk...so don't ask me to pay any more freakin' taxes (you can tell I am sour...you sign a $250K check to uncle sam and see how you feel)....June 30, 2013 (age 39), we climbed back up to over $1M in investments. I think our current investments are $1.4M and am looking forward to retiring in my mid 50s, barring any spectacular crash.

The Planner
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Re: Time to reach 1M and 2M milestones

Post by The Planner » Wed Jun 03, 2015 2:25 am

Currently working in the Gulf. I have the option to move from the UAE to Saudi in a few months. If I do move, I'll be able to invest 150k annually. This being the case and considering my current net worth, I'd hit 1M in 4.5 years. Not sure if moving to Saudi would be worth it though. Currently 32 years old. Wife is 33. If I stay in the UAE, I would hit 1M in 10 years.

sanfran2015
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Re: Time to reach 1M and 2M milestones

Post by sanfran2015 » Wed Jun 03, 2015 3:11 am

Some people also added an interesting benchmark - at what point do your contributions outpace your portfolio returns?

Assuming 5% return on a 1M portfolio - you would need to contribute $50k for contributions to match market returns.

My guess is for majority of people, contributions outpace portfolio returns at least up to $1.5M.

The Planner
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Re: Time to reach 1M and 2M milestones

Post by The Planner » Wed Jun 03, 2015 3:16 am

sanfran2015 wrote:My guess is for majority of people, contributions outpace portfolio returns at least up to $1.5M.
But the majority of people aren't even able to contribute 1k dollars per month.

SJCX
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Re: Time to reach 1M and 2M milestones

Post by SJCX » Wed Jun 03, 2015 4:06 am

I just turned 44 and hit 1 mill in total net worth(880k in investable assets) about the same time.

Me and my wife max out our 401ks and Roths. We're on pace to invest another 38k this year in a taxable account.

I'd like to hit 5 mill by 59.5, don't know how realistic it is, I suppose it's up to the market.

WorkToLive
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Re: Time to reach 1M and 2M milestones

Post by WorkToLive » Wed Jun 03, 2015 6:33 am

Investable assets of $1M at 30 and $2M at 38-39. I had a head start with leftover college funds of about $250k at age 20 (graduated in 2.5 yrs). Also, have received some cash gifts over the years from my folks. Started maxing out my retirement accounts early and never slowed down. I'm 41 now and closing in on $2.4M. Currently contributing about $50k/year.

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Re: Time to reach 1M and 2M milestones

Post by SunnySeattle » Wed Jun 03, 2015 8:52 am

Edited 8-)
Last edited by SunnySeattle on Fri Jan 06, 2017 11:48 pm, edited 1 time in total.

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MikeWillRetire
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Re: Time to reach 1M and 2M milestones

Post by MikeWillRetire » Wed Jun 03, 2015 2:22 pm

My wife and I are at 700k after 30 years of work. Hope to be at 1 M in 4 years when we may retire. Luckily we will have modest pensions to go along with it.

orodman
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Re: Time to reach 1M and 2M milestones

Post by orodman » Mon Apr 24, 2017 2:34 pm

It took us 17 years to get to $200,000, 25 years to get to $500,00 and 30 Years to get to $1,000,000.
Two years later we are at $1,200,000 at ages 56 and 54. Slow and steady with higher pay as we got older.
Home equity is not included.

TheodoreMonit
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Re: Time to reach 1M and 2M milestones

Post by TheodoreMonit » Mon Apr 24, 2017 8:39 pm

It took me 13 years of working and investing to reach $1m and another 4 years from there to hit $10m but I am an entrepreneur so it is all about high risk and high reward.

bi0hazard
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Re: Time to reach 1M and 2M milestones

Post by bi0hazard » Mon Apr 24, 2017 10:53 pm

john94549 wrote: The key is a million or so in cash, FDIC/NCUA insured cash.
What does this mean?

grokzilla
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Re: Time to reach 1M and 2M milestones

Post by grokzilla » Tue Apr 25, 2017 11:00 am

You might find Fidelity's 5th Annual Millionaire Outlook Study interesting -- "Tapping into the Millionaire
Professional"

Each year, they look at various aspects related to the attainment of millionaire status (they consider it to not include residence). I think this one came out in 2014? It was particularly interesting as it went for a deep dive on the various careers associated with achieving millionaire status, the typical time frame when that status was reached, behaviors exhibited (and some to avoid), etc. Most interesting one they've done imo -- should be easy to find online.

Snippet they do for each "profession:"
According to the study, entrepreneurs first reach millionaire status at 42, on average, five years earlier than all other millionaires. Not surprisingly, they have accumulated investable assets of $6.1 million on average, 42% more than millionaires overall and higher than any other millionaire profession. Even with that early success, and at a current average age of 60, most millionaire entrepreneurs still work full-time (51%). Their resistance to retirement helps entrepreneurs both earn more and keep more. They boast an average pretax annual household income of $480,000, 26% higher than that for all millionaires ($380,000) and higher than any other millionaire group.
For our part: we hit $1m in investable assets at 42 (so, 20 years after school). And, $2m at 46. Our contributions still exceed gains at this point, but it's close.

I completely agree that $500k felt like the real kicker...it definitely felt like pushing a rock uphill until about that point at which time the tailwind seemed to kick in.

BW1985
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Re: Time to reach 1M and 2M milestones

Post by BW1985 » Tue Apr 25, 2017 1:17 pm

9 years post college to get to the $500K mark. Looking forward to that tailwind kicking in soon!
(This is me only, married last year and my wife has about $100k in her accts.)
"Squirrels figured out how to save eons ago. They buried acorns. Some, they dug up, for food. Others, they let to sprout, in new oak trees. We could learn from squirrels." -john94549

BV3273
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Re: Time to reach 1M and 2M milestones

Post by BV3273 » Tue Apr 25, 2017 5:58 pm

I'm curious if many of the people posting were 100% equity when they started out. I currently am at the age of 30 and I'm fine with the swings. Mainly because I am in the accumulation phase and only have around $75k in investment accounts. I recently started working towards maxing out both my 401k and Roth.

TX_Man
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Re: Time to reach 1M and 2M milestones

Post by TX_Man » Tue Apr 25, 2017 6:06 pm

The importance of having more money upfront really makes question the wisdom of using Roth contributions. Why not go full force on pre-tax dollar contributions and use the tax savings to invest in a taxable brokerage. The safety of tax-diversity is enough to keep me wanting to do a Roth, but why not really pile up in the pre-tax vehicles if money up front is what can really help?

eog
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Re: Time to reach 1M and 2M milestones

Post by eog » Wed Apr 26, 2017 7:40 am

TX_Man wrote:The importance of having more money upfront really makes question the wisdom of using Roth contributions. Why not go full force on pre-tax dollar contributions and use the tax savings to invest in a taxable brokerage. The safety of tax-diversity is enough to keep me wanting to do a Roth, but why not really pile up in the pre-tax vehicles if money up front is what can really help?
I think many do both - I do. Max out 401ks and max out Roth IRAs. There are numerous articles and posts written about the advantages of Roth vs taxable so I wont go into that.

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ClevrChico
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Re: Time to reach 1M and 2M milestones

Post by ClevrChico » Wed Apr 26, 2017 6:21 pm

0 - $1M - Twenty years that includes paying my way through college, insane hours, long drives, evil bosses, evil clients, and too little vacation. (Some good times too. :-) )

$1M - $2M - Five years (estimated) of enjoying my awesome job and making regular contributions to Vanguard.

If I work another 20 years after $2M, I estimate about $10M. I can't even fathom that.
Last edited by ClevrChico on Wed Apr 26, 2017 10:15 pm, edited 2 times in total.

mindboggling
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Re: Time to reach 1M and 2M milestones

Post by mindboggling » Wed Apr 26, 2017 9:42 pm

I was never 100% equities. It took most of my working years to accumulate 1-million dollars. I think I hit it in my mid-50s.
In broken mathematics, We estimate our prize, --Emily Dickinson

ddurrett896
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Re: Time to reach 1M and 2M milestones

Post by ddurrett896 » Wed Apr 26, 2017 9:48 pm

1m = 25 years
2m = 8 years
3m = 4 years

marcopolo
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Re: Time to reach 1M and 2M milestones

Post by marcopolo » Wed Apr 26, 2017 10:03 pm

Had a very fun mis-spent youth. Started saving in earnest in 1999, shortly after first child was born (age 32).

Investible assets:
First cracked $1M in 2007.
Back under in 2008, only to recover beyond $1M in 2009.
Crossed $2M in 2013
Crossed $3M in 2015

The first million is the hardest.
Once in a while you get shown the light, in the strangest of places if you look at it right.

flyingaway
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Re: Time to reach 1M and 2M milestones

Post by flyingaway » Wed Apr 26, 2017 10:56 pm

It took us 15 years to get to $1M, and an additional 3.5 years to get to $2M, excluding the house. The house was paid off during the first M, so that made the second M much easier.

jasg
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Re: Time to reach 1M and 2M milestones

Post by jasg » Thu Apr 27, 2017 9:48 pm

- At the end of 1989, at age 40, I had about $80k invested, 75% retirement funds.
(This was after 7 years at a 'real' job and was 1.5x my salary.)

- At the end of 1999, at age 50, I had a million invested. 78% retirement funds.

- 2007, $1.6M (lost $700k by March 2009 but held firm)

- At the end of 2009, at age 60, $1.4M invested, 77% retirement funds.
(In April, five weeks after the market low, I was laid off and decided to retire.)

A few days ago, after 8 years of retirement I hit the $2M mark in retirement funds alone.

saveinvestbecomefree
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Re: Time to reach 1M and 2M milestones

Post by saveinvestbecomefree » Fri Apr 28, 2017 6:48 am

I wrote a detailed post on financial progress for those that might want a more detailed case study but here are the cliff notes.

I use % values instead of actual numbers (to make it more broadly useful to readers) and show the effect of market returns and savings for someone on an aggressive savings plan with a good income. We started saving around 25% of our after-tax income and ramped up to 70% currently over the years. In our case, 70% of the gains came directly from savings and 30% from investments (from an average annual gain of 8%). We were fully invested in stocks during this time. Now the portfolio is helping with gains a lot more but our savings is still a major contributor.

From a actual numbers perspective, the short summary is that it took about 10 years to hit $1M, another 4 to hit $2M and if we keep it up, I expect the third million to take 2-3 years more depending on the stock market.

It's pretty easy to predict the time from $1M to $2M and beyond using different return rates (assuming no withdrawals or additions), but everyone's personal timing will be different based on investment mix (i.e. returns), any spending, or any ongoing savings.

Luke Duke
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Re: Time to reach 1M and 2M milestones

Post by Luke Duke » Fri Apr 28, 2017 11:13 am

sanfran2015 wrote:Some people also added an interesting benchmark - at what point do your contributions outpace your portfolio returns?

Assuming 5% return on a 1M portfolio - you would need to contribute $50k for contributions to match market returns.

My guess is for majority of people, contributions outpace portfolio returns at least up to $1.5M.
You think that the majority of people are saving $75K/yr?

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allwin
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Re: Time to reach 1M and 2M milestones

Post by allwin » Fri Apr 28, 2017 11:46 am

sanfran2015 wrote:Thanks for all the great responses. A related question I have is this -

(1) For those who reached $1M and $2M milestones, did you become more conservative in your investing approach?
(2) Did you move to a more bond/fixed-income weighted asset allocation even though you were far from retirement?

Thanks.
We took ~ 5 yrs for the first $1M, 3 years for $2M and then 1 year for $3M. So far, the market returns have not outpaced the contributions for us -- but it is getting close.

As we are far from retirement age, we didn't boost fixed-income assets. We decided to "diversify" and enjoy a little at $2M mark by buying a cozy house.

wassabi
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Re: Time to reach 1M and 2M milestones

Post by wassabi » Fri Apr 28, 2017 2:43 pm

jasg wrote:- At the end of 1989, at age 40, I had about $80k invested, 75% retirement funds.
(This was after 7 years at a 'real' job and was 1.5x my salary.)

- At the end of 1999, at age 50, I had a million invested. 78% retirement funds.

- 2007, $1.6M (lost $700k by March 2009 but held firm)

- At the end of 2009, at age 60, $1.4M invested, 77% retirement funds.
(In April, five weeks after the market low, I was laid off and decided to retire.)

A few days ago, after 8 years of retirement I hit the $2M mark in retirement funds alone.

Thanks for posting this info - very useful. Do you recall the asset allocation(s) you had during these periods? It looks like you retired and presumably lived off your retirement funds, but still enjoyed very nice growth in your portfolio.

BW1985
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Re: Time to reach 1M and 2M milestones

Post by BW1985 » Fri Apr 28, 2017 3:30 pm

allwin wrote:
sanfran2015 wrote:Thanks for all the great responses. A related question I have is this -

(1) For those who reached $1M and $2M milestones, did you become more conservative in your investing approach?
(2) Did you move to a more bond/fixed-income weighted asset allocation even though you were far from retirement?

Thanks.
We took ~ 5 yrs for the first $1M, 3 years for $2M and then 1 year for $3M. So far, the market returns have not outpaced the contributions for us -- but it is getting close.

As we are far from retirement age, we didn't boost fixed-income assets. We decided to "diversify" and enjoy a little at $2M mark by buying a cozy house.
Wowzers. Your household income must be pretty high. :shock:
"Squirrels figured out how to save eons ago. They buried acorns. Some, they dug up, for food. Others, they let to sprout, in new oak trees. We could learn from squirrels." -john94549

Bob Alou
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Re: Time to reach 1M and 2M milestones

Post by Bob Alou » Fri Apr 28, 2017 3:36 pm

So much of this is due to timing, and the vagaries of​ the market. We first crossed one million in 2000. Took about thirteen years. Shortly thereafter we crossed it in the other direction. Took 11 years after that to get to 2 million. Three years to the next one. Two and a half to the one after that. I figure that, in approximately 7.5 years we will have added something in the range of -2 mil to +2mil. Give or take.

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kishinev
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Re: Time to reach 1M and 2M milestones

Post by kishinev » Fri Apr 28, 2017 5:14 pm

Started professional carrier on 7/7/80. Reached $1M in financial assets on 11/17/06, $2M on 1/25/13, $3M on 4/24/15.

robiu977
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Re: Time to reach 1M and 2M milestones

Post by robiu977 » Fri Apr 28, 2017 5:56 pm

Finished residency June 2010 with just under 200k (maxed out retirement accounts and tried to save most of what I made)
1M - Sept 2014
2M - Jan 2017

I had a very significant increase in salary after July 2012. I am also including my home which we paid in cash July 2016 (highly desirable area where I project we could get at least 5% more than what we paid).

My wife and I are real exceptions though. We currently have no children, she works and makes a low 6 figure salary, and we live well below our means (save > 50% of our post tax dollars, most months consistently 60-70% and even have saved over 90% for the month). :sharebeer

retire57
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Re: Time to reach 1M and 2M milestones

Post by retire57 » Fri Apr 28, 2017 8:09 pm

500K after 29 years of marriage and investing.
750K @ 30.5 years
1 M @ 34 years.

I include only liquid assets.

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TheTimeLord
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Re: Time to reach 1M and 2M milestones

Post by TheTimeLord » Fri Apr 28, 2017 8:15 pm

FinanceGeek wrote:
livesoft wrote:To go from $0 to $1M, one needs an infinite gain.
To go from $100K to $1M, one one needs a 9X gain.
To go from $1M to $2M, one needs a 1X gain.
To go from $2M to $3M, one needs a 0.5X gain.
In reality, once people hit a certain level of wealth they don't compound at the same rates they have in the past. Often, its due to choice and revised AA - a popular saying on this forum is "once you've won, stop playing the game!".
While I certainly agree with the statement, I think it is less of an issue for those who continue working or have pensions, annuities or SS benefits that cover expenses. Since securing enough to have won the game I have adopted a rising equity glide path by not rebalancing and aggressively investing new savings in equities.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

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TheTimeLord
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Re: Time to reach 1M and 2M milestones

Post by TheTimeLord » Fri Apr 28, 2017 8:32 pm

HalfMillionaire wrote:My point of view is that the hard part is done once you have reached a point where portfolio growth typically outpaces your contributions. That's why I consider 500K to be the most significant milestone.
What percentage of your investable assets would your annual contributions have to be for you to still consider the significant?
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

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