What age did you reach 100K networth?

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Post Reply
jon-nyc
Posts: 926
Joined: Sun Nov 15, 2009 9:02 am
Location: New York

Re: What age did you reach 100K networth?

Post by jon-nyc » Sat Aug 03, 2013 12:12 am

Probably 27 or 28.

User avatar
wander
Posts: 2826
Joined: Sat Oct 04, 2008 9:10 am

Re: What age did you reach 100K networth?

Post by wander » Sat Aug 03, 2013 11:14 am

At about 34.

kissthesky
Posts: 1
Joined: Sat Aug 03, 2013 9:08 pm

Re: What age did you reach 100K networth?

Post by kissthesky » Sat Aug 03, 2013 9:15 pm

About a month ago! I'm 23. I did it by saving ~55% of my income for the last 3 years I have been working full time. Academic scholarships and funding that covered undergrad and grad school helped out tremendously too. Tons of my friends are negative 100k though, it's sad.

User avatar
Petrocelli
Posts: 2784
Joined: Mon Feb 19, 2007 6:29 pm
Location: Fenway Park, between 2nd and 3rd base

Re: What age did you reach 100K networth?

Post by Petrocelli » Fri Mar 28, 2014 10:58 am

27, but that was in the 1980s when that was a lot more money than it is today.
Petrocelli (not the real Rico, but just a fan)

User avatar
rob
Posts: 3071
Joined: Mon Feb 19, 2007 6:49 pm
Location: Here

Re: What age did you reach 100K networth?

Post by rob » Fri Mar 28, 2014 11:01 am

Late 20's maybe, more likely early 30's.
| Rob | Its a dangerous business going out your front door. - J.R.R.Tolkien

LFKB
Posts: 593
Joined: Mon Dec 24, 2012 7:06 pm

Re: What age did you reach 100K networth?

Post by LFKB » Fri Mar 28, 2014 11:02 am

24...

fareastwarriors
Posts: 1083
Joined: Tue Feb 14, 2012 12:31 pm

Re: What age did you reach 100K networth?

Post by fareastwarriors » Fri Mar 28, 2014 11:11 am

age 24. in 2012.

User avatar
gunn_show
Posts: 1543
Joined: Wed Jun 06, 2007 3:02 pm

Re: What age did you reach 100K networth?

Post by gunn_show » Fri Mar 28, 2014 11:16 am

jon-nyc wrote:Probably 27 or 28.
+1
"The best life hack of all is to just put the work in and never give up." Bas Rutten

nash031
Posts: 172
Joined: Fri Oct 11, 2013 10:38 am
Location: Coronado, CA
Contact:

Re: What age did you reach 100K networth?

Post by nash031 » Fri Mar 28, 2014 12:10 pm

techcrium wrote:I know some of you guys are worth millions or tens of millions but I am wondering...at what age did you reach $100K networth?
27, starting from 0 at 22.

User avatar
Will do good
Posts: 879
Joined: Fri Feb 24, 2012 8:23 pm

Re: What age did you reach 100K networth?

Post by Will do good » Fri Mar 28, 2014 12:51 pm

I guess around 24-25.

User avatar
cflannagan
Posts: 949
Joined: Sun Oct 21, 2007 11:44 am
Location: Palm Harbor, Florida

Re: What age did you reach 100K networth?

Post by cflannagan » Fri Mar 28, 2014 1:03 pm

A lot of 20's.

Did they all account for mortgages, student loans, auto loans, etc when calculating net worth?

KyleAAA
Posts: 7758
Joined: Wed Jul 01, 2009 5:35 pm
Contact:

Re: What age did you reach 100K networth?

Post by KyleAAA » Fri Mar 28, 2014 1:05 pm

Probably 26-27

User avatar
mojave
Posts: 393
Joined: Mon Aug 20, 2012 8:59 am

Re: What age did you reach 100K networth?

Post by mojave » Fri Mar 28, 2014 1:07 pm

If you include property I own (not a house), we hit that at age 26/27. We are 28. If you do not include that, we will probably hit that at 30.

ETA

I forgot, my husband also has a fully vested pension that he's been contributing to for ~9 years on top of an annuity. I have no idea how to calculate the pension, so I'll just say when we got married at 26.

My salary, $44k (started at $32) husband's ~$75k with a nice promotion coming up soon.
Last edited by mojave on Fri Mar 28, 2014 1:24 pm, edited 3 times in total.

DVMResident
Posts: 1408
Joined: Mon Aug 01, 2011 8:15 pm

Re: What age did you reach 100K networth?

Post by DVMResident » Fri Mar 28, 2014 1:18 pm

Amazing how well group the data points are on this thread.

Age: 29
Year: 2011
Area: So Cali/LA
Salary: $40k (no rent, no student loans)

chaz
Posts: 13604
Joined: Tue Feb 27, 2007 2:44 pm

Re: What age did you reach 100K networth?

Post by chaz » Fri Mar 28, 2014 1:23 pm

A long time ago. Memory fades, :)
Chaz | | “Money is better than poverty, if only for financial reasons." Woody Allen | | http://www.bogleheads.org/wiki/index.php/Main_Page

surfstar
Posts: 1894
Joined: Fri Sep 13, 2013 12:17 pm
Location: Santa Barbara, CA

Re: What age did you reach 100K networth?

Post by surfstar » Fri Mar 28, 2014 1:23 pm

Another data point for the lower earners and renters - I'm projecting for 35 [2015].

countofmc
Posts: 512
Joined: Tue Dec 11, 2012 12:03 pm

Re: What age did you reach 100K networth?

Post by countofmc » Fri Mar 28, 2014 1:44 pm

Early 30s, was pretty damn excited about it, until I found this thread.

User avatar
Abe
Posts: 2024
Joined: Fri Sep 18, 2009 5:24 pm
Location: Earth in the Milky Way Galaxy

Re: What age did you reach 100K networth?

Post by Abe » Fri Mar 28, 2014 1:48 pm

I remember saving small amounts early on, and later I remember saving $5,000 increments whenever I got a little ahead. That was a lot of money to me at the time. I can't remember at what age I reached the 100K milestone, but I do remember being very excited about it. I thought I was rich. :happy
Slow and steady wins the race.

Dave55
Posts: 575
Joined: Tue Sep 03, 2013 2:51 pm

Re: What age did you reach 100K networth?

Post by Dave55 » Fri Mar 28, 2014 2:02 pm

delete
Last edited by Dave55 on Tue Oct 01, 2019 8:43 am, edited 1 time in total.

autonomy
Posts: 328
Joined: Fri Jan 24, 2014 2:22 pm

Re: What age did you reach 100K networth?

Post by autonomy » Fri Mar 28, 2014 3:57 pm

Just for perspective: $100K a decade ago, in 2004, has the same buying power as $125K in 2014, according to the BLS inflation calc.

So having $100K at age 27 is more impressive if that happened 10 years ago, whereas reaching today 100K is like reaching $80.5K a decade ago.

So $100K is not as impressive these days as it used to be, especially in a HCOL area. But I'm sure everyone here already knows that.

MathWizard
Posts: 3720
Joined: Tue Jul 26, 2011 1:35 pm

Re: What age did you reach 100K networth?

Post by MathWizard » Fri Mar 28, 2014 4:38 pm

countofmc wrote:Early 30s, was pretty damn excited about it, until I found this thread.

I was in my early 40's so don't feel bad.
Lots of student loans to pay off.

Doing fine now.

User avatar
papito23
Posts: 377
Joined: Fri Jan 06, 2012 6:54 am
Location: midwest

Re: What age did you reach 100K networth?

Post by papito23 » Fri Mar 28, 2014 4:51 pm

Age 27. Considering I never made more than $12.50/hr (no benefits), switched jobs, worked overseas for a non-profit, etc I feel extraordinarily blessed. Most of the net worth pop is due to full financial support of DW and I's college education through scholarships and family wealth. This has enabled me to go on to graduate school with a family with little paycheck security - priceless. I try not to compare myself to Bogleheads, which is a recipe for discontent. I don't know that it is necessarily more virtuous, but I compare myself with friends overseas who are working far harder to just get enough food to eat. It's not a race.
A thing is right when it tends to preserve the integrity, stability, and beauty of the biotic community. It is wrong when it tends otherwise. -Aldo Leopold's Golden Rule of Ecology

Dave1
Posts: 115
Joined: Sun Jan 05, 2014 2:18 pm

Re: What age did you reach 100K networth?

Post by Dave1 » Fri Mar 28, 2014 5:20 pm

Mid thirties. No inheritance or gifts.

User avatar
tnbison
Posts: 128
Joined: Mon Apr 22, 2013 1:57 pm

Re: What age did you reach 100K networth?

Post by tnbison » Fri Mar 28, 2014 5:58 pm

in 2011 @25, was -25k out of college, hope to hit 350k by 30

willie838
Posts: 121
Joined: Thu Mar 20, 2014 1:37 am

Re: What age did you reach 100K networth?

Post by willie838 » Fri Mar 28, 2014 6:03 pm

31 now, i'll let you know when i do :(

Buckeye
Posts: 464
Joined: Mon Feb 26, 2007 3:08 pm

Re: What age did you reach 100K networth?

Post by Buckeye » Fri Mar 28, 2014 6:06 pm

I think I was 39. We've never made 100k combined in a year yet (she works p/t) and might never actually do so.....and zero inheritances. :happy

rayout
Posts: 368
Joined: Tue May 19, 2009 11:30 am

Re: What age did you reach 100K networth?

Post by rayout » Fri Mar 28, 2014 6:20 pm

Hit it at the age of 25 in 2012

donaldfair71
Posts: 545
Joined: Wed Mar 06, 2013 4:15 pm

Re: What age did you reach 100K networth?

Post by donaldfair71 » Fri Mar 28, 2014 6:52 pm

100K at 31

Thanks to a robust housing rebound and increasing my retirement savings substantially at 31, 200K at 32.

I just turned 33. With an average (or static) market return in the next 51 weeks, and the expected Real Estate appreciation in my area, I'll be at 300k at that age (my house will account for about 100K of that).

Now that I look at it in writing, I'm pretty proud. The wife and I have knocked out about 50K in college loans with another 25 to go, paid for a wedding, had a baby, and never made more than 115K combined.

Cheers!

Donald

User avatar
avenger
Posts: 800
Joined: Mon Dec 02, 2013 12:11 pm

Re: What age did you reach 100K networth?

Post by avenger » Fri Mar 28, 2014 7:18 pm

Expect to hit it next year, at 35. At the peak had $300k of student loans.
cheers ... -Mark | "Our life is frittered away with detail. Simplify. Simplify." -Henry David Thoreau | [3 fund portfolio: VTI, VXUS, SV fund (yield 3.01%)]

User avatar
bogleblitz
Posts: 469
Joined: Mon Oct 01, 2012 2:51 pm

Re: What age did you reach 100K networth?

Post by bogleblitz » Fri Mar 28, 2014 7:21 pm

29. Then I put all that money into down payment of my first house in 2007

crowd79
Posts: 640
Joined: Sun Nov 18, 2012 10:37 pm

Re: What age did you reach 100K networth?

Post by crowd79 » Fri Mar 28, 2014 7:22 pm

Just about there now. I'm 34.

User avatar
nirvines88
Posts: 391
Joined: Thu Dec 29, 2011 5:38 pm

Re: What age did you reach 100K networth?

Post by nirvines88 » Sat Mar 29, 2014 10:03 am

Late last year at age 25. I make less than 40k a year as a teacher. I used a 401k from age 16 and on. I also maxed out a Roth IRA from age 21 and on. I was lucky to have college taken care of by parents.

I expect I'll pass the 100k mark again in the future, whether it's due to a bear market or buying a house!
"Beware of little expenses, a small leak will sink a great ship" - Poor Richard

The Wizard
Posts: 13356
Joined: Tue Mar 23, 2010 1:45 pm
Location: Reading, MA

Re: What age did you reach 100K networth?

Post by The Wizard » Sat Mar 29, 2014 10:13 am

My starting salary was around $13,000 a year in the early 70's so $100K in investments or net worth was quite a bit back then.
My ending salary a year ago was >10 times my starting salary, so $100K is just a modest amount now.
The bottom line of this parable: Inflation matters over time...
Attempted new signature...

22twain
Posts: 2187
Joined: Thu May 10, 2012 5:42 pm

Re: What age did you reach 100K networth?

Post by 22twain » Sat Mar 29, 2014 10:40 am

My retirement account hit $100K in today's dollars when I was 41. I didn't really start saving until 30, after I finished graduate school.

Adding my wife's stuff, it probably would probably be about 4 years earlier.
My investing princiPLEs do not include absolutely preserving princiPAL.

Jeff7
Posts: 329
Joined: Sat Nov 24, 2012 2:30 pm

Re: What age did you reach 100K networth?

Post by Jeff7 » Sat Mar 29, 2014 12:40 pm

Don't know. I'm 32, and I've still have a ways to go. Maybe 2-3 more years.

Ignis
Posts: 95
Joined: Wed Jul 04, 2012 5:29 pm

Re: What age did you reach 100K networth?

Post by Ignis » Sat Mar 29, 2014 12:50 pm

Hit $100k liquid (investments, I Bonds, cash) at 28 (12/2013). No debts. I'm hoping to hit $200k this fall if nothing changes. I expect things to slow down after that.

User avatar
Zabar
Posts: 635
Joined: Thu Feb 27, 2014 9:05 pm
Location: San Francisco Bay Area

Re: What age did you reach 100K networth?

Post by Zabar » Sat Mar 29, 2014 7:36 pm

Early to mid-thirties. I don't really remember since I wasn't sophisticated enough financially to focus on net worth back then.

Grad school slows things down at the beginning.

User avatar
Mursili
Posts: 103
Joined: Tue May 15, 2012 8:32 pm

Re: What age did you reach 100K networth?

Post by Mursili » Sat Mar 29, 2014 7:49 pm

Given our historic savings rate and the fact that I started my postdoc at age 29, I am pretty sure that we made 100K in net worth by the time I was 31 years old. That gives DW a year into her postdoc. We did not have debt coming out of school (other than a small amount on my car - purchased before I met her and learned frugality).

I do not know of a way at this time to get Managing Your Money for DOS working or I would have a more final answer. I was already keeping track of my dimes and nickels before I met my wife. I learned that there is not a long time between learning frugality (what ever you call it - my wife taught it to me) and "feel wealthy."
When it comes to havoc, no one wreaks like me! - Dr. Heinz Doofenshmirtz

jon-nyc
Posts: 926
Joined: Sun Nov 15, 2009 9:02 am
Location: New York

Re: What age did you reach 100K networth?

Post by jon-nyc » Sat Mar 29, 2014 9:32 pm

cflannagan wrote:A lot of 20's.

Did they all account for mortgages, student loans, auto loans, etc when calculating net worth?

I did. I had no mortgage, no student loans, and no auto loans at the time. Just assets.
Last edited by jon-nyc on Sun Mar 30, 2014 3:17 am, edited 1 time in total.

katnok
Posts: 168
Joined: Fri Nov 11, 2011 8:36 pm

Re: What age did you reach 100K networth?

Post by katnok » Sat Mar 29, 2014 10:19 pm

100k @ 33.5

200k @ 35

300k @ 36

Going forward, we hope to save ~ 75-80k/yr (excluding 20k/yr that we plan to put into 529s).

goldendad
Posts: 238
Joined: Tue Apr 10, 2012 10:29 pm

Re: What age did you reach 100K networth?

Post by goldendad » Sat Mar 29, 2014 11:24 pm

Mid 30s.

User avatar
JonnyDVM
Posts: 1760
Joined: Wed Feb 12, 2014 6:51 pm
Location: Atlanta, GA

Re: What age did you reach 100K networth?

Post by JonnyDVM » Sun Mar 30, 2014 12:01 am

Just recently, age 33. Professional school debt is a bear. We're catching up to everyone else just fine though.
There are two ways to build wealth- start young and add small chunks, or start later and add larger chunks. Those with professional degrees have to take the second path as we've lost a decade on everyone else.
Sometimes the questions are complicated and the answers are simple. -Dr. Seuss

joelly
Posts: 253
Joined: Mon Oct 27, 2008 11:22 am

Re: What age did you reach 100K networth?

Post by joelly » Thu Apr 03, 2014 4:55 pm

37 yo. Kind of late. I started to qualify to work in the state when I was 26 yo but wasn't eligible to contribute till I was 27 yo.

User avatar
grap0013
Posts: 1884
Joined: Thu Mar 18, 2010 1:24 pm

Re: What age did you reach 100K networth?

Post by grap0013 » Fri Apr 04, 2014 2:33 am

-200k+ @ 26

0k @ 30

100k @ 31


300k+ @ 33

Ride the exponential growth.
There are no guarantees, only probabilities.

CdnAppraiser
Posts: 34
Joined: Wed Jan 15, 2014 6:04 pm

Re: What age did you reach 100K networth?

Post by CdnAppraiser » Fri Apr 04, 2014 4:53 am

Last year at 33

Only $1,100,000 more until I retire...lol

Ignis
Posts: 95
Joined: Wed Jul 04, 2012 5:29 pm

Re: What age did you reach 100K networth?

Post by Ignis » Fri Apr 04, 2014 7:08 am

jon-nyc wrote:
cflannagan wrote:A lot of 20's.

Did they all account for mortgages, student loans, auto loans, etc when calculating net worth?

I did. I had no mortgage, no student loans, and no auto loans at the time. Just assets.
Same.

BW1985
Posts: 1790
Joined: Tue Mar 23, 2010 6:12 pm

Re: What age did you reach 100K networth?

Post by BW1985 » Fri Apr 04, 2014 12:36 pm

jon-nyc wrote:
cflannagan wrote:A lot of 20's.

Did they all account for mortgages, student loans, auto loans, etc when calculating net worth?

I did. I had no mortgage, no student loans, and no auto loans at the time. Just assets.
Same here, and still don't.
"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

User avatar
sperry8
Posts: 2000
Joined: Sat Mar 29, 2008 9:25 pm
Location: Miami FL

Re: What age did you reach 100K networth?

Post by sperry8 » Fri Apr 04, 2014 12:43 pm

Hard to recall exactly , but likely 30 or 31.
BH contest results: 2019: #233 of 645 | 18: #150 of 493 | 17: #516 of 647 | 16: #121 of 610 | 15: #18 of 552 | 14: #225 of 503 | 13: #383 of 433 | 12: #366 of 410 | 11: #113 of 369 | 10: #53 of 282

ragabnh
Posts: 139
Joined: Mon May 19, 2008 3:48 pm

Re: What age did you reach 100K networth?

Post by ragabnh » Sat Apr 05, 2014 8:27 am

I was late to the party, at age 40 I owed around $20,000, by the age of 50 I hit $100,000, currently at 58 more than 10 times as much without considering my house.

User avatar
roymeo
Posts: 1273
Joined: Sat Apr 28, 2007 7:19 pm
Location: Oakland, CA
Contact:

Re: What age did you reach 100K networth?

Post by roymeo » Sat Apr 05, 2014 1:48 pm

(please adjust for inflation, report in June 14th, 2013 numbers)
(please adjust for regional CoL differences, set in...Chicago)
The sewer system is a form of welfare state. | -- "Libra", Don DeLillo

Post Reply