What age did you reach 100K networth?

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jon-nyc
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Re: What age did you reach 100K networth?

Post by jon-nyc »

Probably 27 or 28.
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wander
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Re: What age did you reach 100K networth?

Post by wander »

At about 34.
kissthesky
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Re: What age did you reach 100K networth?

Post by kissthesky »

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.
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Re: What age did you reach 100K networth?

Post by Petrocelli »

27, but that was in the 1980s when that was a lot more money than it is today.
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rob
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Re: What age did you reach 100K networth?

Post by rob »

Late 20's maybe, more likely early 30's.
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LFKB
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Re: What age did you reach 100K networth?

Post by LFKB »

24...
fareastwarriors
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Re: What age did you reach 100K networth?

Post by fareastwarriors »

age 24. in 2012.
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gunn_show
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Re: What age did you reach 100K networth?

Post by gunn_show »

jon-nyc wrote:Probably 27 or 28.
+1
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Re: What age did you reach 100K networth?

Post by nash031 »

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.
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Will do good
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Re: What age did you reach 100K networth?

Post by Will do good »

I guess around 24-25.
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cflannagan
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Re: What age did you reach 100K networth?

Post by cflannagan »

A lot of 20's.

Did they all account for mortgages, student loans, auto loans, etc when calculating net worth?
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Re: What age did you reach 100K networth?

Post by KyleAAA »

Probably 26-27
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mojave
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Re: What age did you reach 100K networth?

Post by mojave »

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
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Re: What age did you reach 100K networth?

Post by DVMResident »

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)
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Re: What age did you reach 100K networth?

Post by chaz »

A long time ago. Memory fades, :)
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Re: What age did you reach 100K networth?

Post by surfstar »

Another data point for the lower earners and renters - I'm projecting for 35 [2015].
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Re: What age did you reach 100K networth?

Post by countofmc »

Early 30s, was pretty damn excited about it, until I found this thread.
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Abe
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Re: What age did you reach 100K networth?

Post by Abe »

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
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Re: What age did you reach 100K networth?

Post by Dave55 »

delete
Last edited by Dave55 on Tue Oct 01, 2019 8:43 am, edited 1 time in total.
autonomy
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Re: What age did you reach 100K networth?

Post by autonomy »

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.
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Re: What age did you reach 100K networth?

Post by MathWizard »

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.
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papito23
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Re: What age did you reach 100K networth?

Post by papito23 »

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.
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Dave1
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Re: What age did you reach 100K networth?

Post by Dave1 »

Mid thirties. No inheritance or gifts.
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tnbison
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Re: What age did you reach 100K networth?

Post by tnbison »

in 2011 @25, was -25k out of college, hope to hit 350k by 30
willie838
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Re: What age did you reach 100K networth?

Post by willie838 »

31 now, i'll let you know when i do :(
Buckeye
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Re: What age did you reach 100K networth?

Post by Buckeye »

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
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Re: What age did you reach 100K networth?

Post by rayout »

Hit it at the age of 25 in 2012
donaldfair71
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Re: What age did you reach 100K networth?

Post by donaldfair71 »

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!

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avenger
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Re: What age did you reach 100K networth?

Post by avenger »

Expect to hit it next year, at 35. At the peak had $300k of student loans.
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bogleblitz
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Re: What age did you reach 100K networth?

Post by bogleblitz »

29. Then I put all that money into down payment of my first house in 2007
crowd79
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Re: What age did you reach 100K networth?

Post by crowd79 »

Just about there now. I'm 34.
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nirvines88
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Re: What age did you reach 100K networth?

Post by nirvines88 »

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!
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Re: What age did you reach 100K networth?

Post by The Wizard »

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.
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22twain
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Re: What age did you reach 100K networth?

Post by 22twain »

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.
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Jeff7
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Re: What age did you reach 100K networth?

Post by Jeff7 »

Don't know. I'm 32, and I've still have a ways to go. Maybe 2-3 more years.
Ignis
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Re: What age did you reach 100K networth?

Post by Ignis »

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.
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Zabar
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Re: What age did you reach 100K networth?

Post by Zabar »

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.
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Mursili
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Re: What age did you reach 100K networth?

Post by Mursili »

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."
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jon-nyc
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Re: What age did you reach 100K networth?

Post by jon-nyc »

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
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Re: What age did you reach 100K networth?

Post by katnok »

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
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Re: What age did you reach 100K networth?

Post by goldendad »

Mid 30s.
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JonnyDVM
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Re: What age did you reach 100K networth?

Post by JonnyDVM »

Just recently, age 33. Professional school debt is a bear. We're catching up to everyone else just fine though.
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Re: What age did you reach 100K networth?

Post by joelly »

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.
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grap0013
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Re: What age did you reach 100K networth?

Post by grap0013 »

-200k+ @ 26

0k @ 30

100k @ 31


300k+ @ 33

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Re: What age did you reach 100K networth?

Post by CdnAppraiser »

Last year at 33

Only $1,100,000 more until I retire...lol
Ignis
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Re: What age did you reach 100K networth?

Post by Ignis »

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.
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Re: What age did you reach 100K networth?

Post by BW1985 »

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.
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Re: What age did you reach 100K networth?

Post by sperry8 »

Hard to recall exactly , but likely 30 or 31.
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Re: What age did you reach 100K networth?

Post by ragabnh »

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.
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Re: What age did you reach 100K networth?

Post by roymeo »

(please adjust for inflation, report in June 14th, 2013 numbers)
(please adjust for regional CoL differences, set in...Chicago)
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