What age did you reach 100K networth?

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JM555
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Re: What age did you reach 100K networth?

Post by JM555 »

countofmc wrote: Fri Mar 28, 2014 1:44 pm Early 30s, was pretty damn excited about it, until I found this thread.


😂😂😂😂😂😂🤙🤙🤙🤙🤙


I feel you my brother. Hopefully by the end of this year. Mid 30’s
SovereignInvestor
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Re: What age did you reach 100K networth?

Post by SovereignInvestor »

Hit it at 23 in 2013. Graduated college debt free at 21 and saved 70% of starting pay immediately.

This board can make you feel worse off than you are....
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AerialWombat
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Re: What age did you reach 100K networth?

Post by AerialWombat »

I didn’t hit $100k net worth until late 2016, probably, at age 38. By 42, I’ll be at $2 million (on paper). It’s been an amazing three years.
alex123711
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Re: What age did you reach 100K networth?

Post by alex123711 »

AerialWombat wrote: Tue May 21, 2019 4:08 am I didn’t hit $100k net worth until late 2016, probably, at age 38. By 42, I’ll be at $2 million (on paper). It’s been an amazing three years.
wow, is that due to high income?
SovereignInvestor
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Re: What age did you reach 100K networth?

Post by SovereignInvestor »

AerialWombat wrote: Tue May 21, 2019 4:08 am I didn’t hit $100k net worth until late 2016, probably, at age 38. By 42, I’ll be at $2 million (on paper). It’s been an amazing three years.
Making up for lost time. Great!
Nowizard
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Re: What age did you reach 100K networth?

Post by Nowizard »

Started a job with a new Master's degree at $8,500 after turning down one for $6,500 in the 1960's that allowed purchase of a 2,200 sf, 3-BR home with monthly note of $240 after a $5,000 down payment. Net worth probably less than $20,000 at the time, so time reference is important. Probably reached 100K NW about 10 years later that has, fortunately, significantly expanded since that time. Current NW related to moderately good income from the two of us, saving regularly, spending reasonably, life in a LCOL area and investment return. Mid-30's when first reached 100K NW.

Tim
Thegame14
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Re: What age did you reach 100K networth?

Post by Thegame14 »

cash and 401K included, probably around 27/28.
Dottie57
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Re: What age did you reach 100K networth?

Post by Dottie57 »

First job with 401k at 31. Max contribution was 9k. Made it to 100k by age 42 in time for the tech stock bust in early 2000s.
MotoTrojan
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Re: What age did you reach 100K networth?

Post by MotoTrojan »

Hit $100K in my investment accounts not long ago, currently just below it (needed to withdraw some funds to clean up my overall finances). Liquid net-worth is somewhere just over $110K.

27 years old.

Now if you include non-liquid private stock I am looking to become a millionaire before 30... but that is monopoly money for now.
jfalconsp
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Re: What age did you reach 100K networth?

Post by jfalconsp »

First post on the forum - what a great resource! Just reached it In the last year between 29-30, but I had a lot of milestones to work through in my 20s - grad school, home purchase, two kids, single income. Hoping that my 30s will see that number skyrocket; I am definitely motivated seeing how ahead everyone in their 20s is on this board.
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AerialWombat
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Re: What age did you reach 100K networth?

Post by AerialWombat »

SovereignInvestor wrote: Tue May 21, 2019 7:07 am
AerialWombat wrote: Tue May 21, 2019 4:08 am I didn’t hit $100k net worth until late 2016, probably, at age 38. By 42, I’ll be at $2 million (on paper). It’s been an amazing three years.
Making up for lost time. Great!
Honestly, it’s been mostly luck. Lucky appreciation in my rental properties that are located in two super-hot markets. Luck in finding a great young CEO to run one of my companies. Years of grinding in my other business to be in right place at the right time when bigger opportunity arose. Etc.
Thesaints
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Re: What age did you reach 100K networth?

Post by Thesaints »

At birth, I’m ashamed to admit...
JPatch
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Re: What age did you reach 100K networth?

Post by JPatch »

Age 31, not counting home value or mortgage. 3 years later, I'm at $300K. It's often hard to be patient, but it pays off.
kinless
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Re: What age did you reach 100K networth?

Post by kinless »

In May 2002 (not quite age 25) I was literally down to my last $100, still living at home (helping with rent), going to school and working meager music gigs, when I happened to come upon a full-time job in web development just across the street. Starting rate was only $25k but hey that was multiple times what I was scraping by with. Fortunately I had no revolving debt, and didn't have any urges to spend this newfound "wealth" so accumulation started immediately. Guess I was proficient enough at work, quickly advancing in rank and salary.

Took almost 5 years (March 2007) to reach $100k, a majority in cash but also helped by a Profit Sharing 401k. Wasn't a boglehead at the time and had no idea how to diverse yet. Only took another 3 years to double to $200k and buy my first house. Definitely gets easier after the first interval!
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TierArtz
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Re: What age did you reach 100K networth?

Post by TierArtz »

At 35 in the mid-90s after 10 years in the military. The slow grind upward increased pace when I bought my first home (early 2000s), and the rate of increase further increased after retiring from the military right before the Great Recession (a pay increase plus retirement funds were used to buy stocks on sale).
hayhayday
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Re: What age did you reach 100K networth?

Post by hayhayday »

~21 worked starting around 15, lived at home and saved ~20k year . Graduated college with 200k and no debt.
SeaToTheBay
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Re: What age did you reach 100K networth?

Post by SeaToTheBay »

I did it twice.

First time was 25, in 2009. Market was down but I was saving and funneling so much cash into underpriced investments from my ~$60k job in 2008-09.

Went to get a FT MBA 2011-13 and emerged back at $55k NW in August 2013 thanks to $110k in student loans. Hit $100k again early 2014.
FIBoston
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Re: What age did you reach 100K networth?

Post by FIBoston »

Today! (28 y.o.)

Our 401k contributions just hit our accounts which put us over the edge. Here's how it breaks down:

Cash: $11.2k
Taxable Investments: $9.12k
His Roth IRA: $4.55k
Her Roth IRA: $14.01k
His 401(k): $42.28k
Her 401(k): $21.45k
Total Assets: $102,650

Credit Card 1: $-223
Credit Card 2: -$179
Total Debt: $-402.81

Net Worth: $102,246

The credit cards get paid off monthly with each pay check - we do all of our spending there. Next milestone for us is $100k in retirement accounts alone which should happen on December 1 assuming the markets don't tank.

So excited to hit this number. We had $25k debt spread across a car loan and student loans as recently as April 2016 and $25k in retirement at the same time. Almost no savings elsewhere so our Net Worth was right around $0.
Last edited by FIBoston on Mon Jul 01, 2019 2:33 pm, edited 1 time in total.
cshell2
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Re: What age did you reach 100K networth?

Post by cshell2 »

I'd have to just guess early 30's. I know in 2004 when I was 34 I had 80K in retirement and 75K in home equity after the mortgage subtracted off. No other debt...so, maybe 31 or 32?

I didn't start tracking NW closely until 2012 and by then it was 337K. Today it's 756K. Damn. That first 100K took FOREVER.
dboeger1
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Re: What age did you reach 100K networth?

Post by dboeger1 »

I don't have exact records to remember, but I think I was around 26. I should have hit it earlier, but I bought a brand new car which set me back. The 1st $100k is definitely the hardest (same could be said of any milestone really, that's the beauty of compounding). I wasn't much past $100k when I got laid off from my first job. My wife was immigrating at the time, so we agreed I would take a year off to help her find work and pursue some personal projects. The gap year made it substantially more difficult for me to enter back into the work force than I anticipated, and I ended up being unemployed for a total of 18 months. My wife made just enough to cover our living expenses for about a year. Even so, we both ended up getting higher-paying jobs within the past year. That combined with the continuous growth of our investments put us at $200k by the time I was 28. To be fair, this bear market is historically unusual, but even so, I think it's safe to say that $0-$100k on 1 income out of college with no net worth was way harder than $100k-$200k with my wife's support and compounding.
Oakwood42
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Re: What age did you reach 100K networth?

Post by Oakwood42 »

JM555 wrote: Mon May 20, 2019 10:25 pm
countofmc wrote: Fri Mar 28, 2014 1:44 pm Early 30s, was pretty damn excited about it, until I found this thread.


😂😂😂😂😂😂🤙🤙🤙🤙🤙


I feel you my brother. Hopefully by the end of this year. Mid 30’s
LOL +1
Dottie57
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Re: What age did you reach 100K networth?

Post by Dottie57 »

Somewhere in late 30’s. Buying a condo at age 30 really put me back in terms of net worth. And the max amount I could put into 401k was 9k - my first time to have a retirement plan. That was age 30.


I thought my accounts went up very slowly until 500k and they then rocketed up.
Last edited by Dottie57 on Mon Jul 01, 2019 3:34 pm, edited 1 time in total.
Oakwood42
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Re: What age did you reach 100K networth?

Post by Oakwood42 »

AerialWombat wrote: Tue May 21, 2019 11:17 am
SovereignInvestor wrote: Tue May 21, 2019 7:07 am
AerialWombat wrote: Tue May 21, 2019 4:08 am I didn’t hit $100k net worth until late 2016, probably, at age 38. By 42, I’ll be at $2 million (on paper). It’s been an amazing three years.
Making up for lost time. Great!
Honestly, it’s been mostly luck. Lucky appreciation in my rental properties that are located in two super-hot markets. Luck in finding a great young CEO to run one of my companies. Years of grinding in my other business to be in right place at the right time when bigger opportunity arose. Etc.
Awesome!
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MrBobcat
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Re: What age did you reach 100K networth?

Post by MrBobcat »

IDK for sure sometime around the age of 40.
Last edited by MrBobcat on Sat Jan 11, 2020 11:30 am, edited 1 time in total.
dave_k
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Re: What age did you reach 100K networth?

Post by dave_k »

Mid to late 20's, about 20 years ago in the late 90's (not adjusted for inflation).
financier3726
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Re: What age did you reach 100K networth?

Post by financier3726 »

Probably around 10, since it was an inheritance. But my Dad was the custodian of the funds and blew them on a boat, cars, expensive trips, and other things. Then I was in school for some time (until 29) and didn't hit the 100k mark until probably mid 30s.
Now, things are generally fine but I would be very careful in setting up any trusts for children that didn't have certain checks and balances on how the money was spent and at what age(s). If my grandfather had put these requirements into his will then my old man's hands would've been tied in the matter. Paying for school would've been easier; living on $5 a day during university would not have been necessary.
Interestingly, and perhaps fitting: when my old man passed he left 80% of his estate to some women that he knew for only few years - and she was well-off. I've never heard from her since his passing.
ponyboy
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Re: What age did you reach 100K networth?

Post by ponyboy »

I want to say around age 25-26. Im lucky I didnt fall into the trap of spending every penny I made.
Glockenspiel
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Re: What age did you reach 100K networth?

Post by Glockenspiel »

I crossed it around 27-28 about 2012-2013. Currently at age 34 it’s increased over 7x the 100k.
nguy44
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Re: What age did you reach 100K networth?

Post by nguy44 »

31 (1989) including home equity. 35 (1993) not including home equity.
poetryprofessor
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Re: What age did you reach 100K networth?

Post by poetryprofessor »

Hello Bogleheads. This is my first post. I’m on track to reach 100k in net worth sometime in 2020, likely after I turn 33. That’s including mortgage and home equity. I’m at 76K as of today, and have run the numbers for 2020:

-retirement contributions
-credit card debt payments (working BS2- will have these wiped out within 2 years)
-mortgage principal payments
-personal and auto loan payments

A bit more about me since this is my first post on Bogleheads, I’m in my 2nd year of my first tenure track job. Bought a house when I moved here for the job. Credit card debt is from grad school. Eager to get rid of it as soon as possible. Lucky to have no student loans as I was at public R1s throughout my education and on fellowships and scholarships. In some ways I’ve done things in a weird order in my life and am thankful to be gaining a clearer head when it comes to financial wisdom.
koala2
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Re: What age did you reach 100K networth?

Post by koala2 »

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Last edited by koala2 on Fri Jan 24, 2020 12:44 pm, edited 1 time in total.
frugalmama
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Re: What age did you reach 100K networth?

Post by frugalmama »

I believe it was at 22.
mptfan
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Re: What age did you reach 100K networth?

Post by mptfan »

BW1985 wrote: Wed May 25, 2016 2:49 pm
selters wrote:Is the 401(k) balance included in net worth?
Yes.
What about my Roth IRA, is that included too?
LFKB
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Re: What age did you reach 100K networth?

Post by LFKB »

Got a nice bonus first year out of college and hit it at age 22, then one million at 26 or 27 I believe
PackersFan12
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Re: What age did you reach 100K networth?

Post by PackersFan12 »

I actually just hit 100K net worth today! I'm 29. I don't make a lot of money (I'm an underpaid government worker), but I have been able to max out my Roth IRA and HSA, contribute to my 457 Roth plan, contribute to my pension plan, and make contributions to my taxable brokerage account. Slow and steady wins the race.

:sharebeer
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Sandtrap
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Re: What age did you reach 100K networth?

Post by Sandtrap »

Age: 30's
It felt like a lot at the time.
But, far short of long term goals at the time.
And, very hard earned, a dollar at a time.

j :happy
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cshell2
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Re: What age did you reach 100K networth?

Post by cshell2 »

I didn't officially start tracking NW until 43, but I'm thinking it was probably around age 30ish.
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jakehefty17
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Re: What age did you reach 100K networth?

Post by jakehefty17 »

I've been nearing this mark and your post made me think about it again.

I started saving aggressively about 4.5 years ago when I got my current job. I hit over 100k in investments sometime last year, at 28 years old. I still owe 80k on my 105k house though... so technically not 100k net worth right? Adding up ALL my accounts and cash today (retirement and otherwise) I've got approximately 170k... so I'm close. Depending on how you calculate I may be there since I have 25k invested into the house. I will certainly be there before long though, which means I'll be 28 when it happens.

It's good to reflect on your progress from time to time. Thanks again for the question for giving me the opportunity to do so.
"The problem with the world is that the intelligent people are full of doubts, while the stupid ones are full of confidence." -Charles Bukowski
mptfan
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Re: What age did you reach 100K networth?

Post by mptfan »

jakehefty17 wrote: Fri Jan 10, 2020 9:55 amI hit over 100k in investments sometime last year, at 28 years old. I still owe 80k on my 105k house though... so technically not 100k net worth right?
Right. Net worth is assets minus liabilities. So it depends on how much your house is worth...if your house is worth 200k and you owe 80k and you have 100k in investments, and assuming you have no other debt, then your net worth is 220k.
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22twain
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Re: What age did you reach 100K networth?

Post by 22twain »

22twain wrote: 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.
I looked up my old post (above) in this thread to remind myself of what I wrote six years ago. It occurred to me that I also had a fair amount in my checking account back then, un-invested. Adding that in gives me (alone) about $100K in today's dollars when I was 37. Of course, in 2014 dollars that was only about $90K, so add maybe a year if you want to make the amounts strictly comparable.
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dsmil
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Re: What age did you reach 100K networth?

Post by dsmil »

Age 28. $50k home equity, $25k cash, $70k retirement, minus $45k of student loans.
seity
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Re: What age did you reach 100K networth?

Post by seity »

Mid 30's. Took about another 10ish years to get to 500k.
LittleMaggieMae
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Re: What age did you reach 100K networth?

Post by LittleMaggieMae »

I'm gonna say mid 30's if you include tax differed retirement accounts (it offsets the mortgage). Was brushing up against 500K by 45yo - because of the differed retirement accounts (and a 15 year mortgage).
slalom
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Re: What age did you reach 100K networth?

Post by slalom »

Age 31, i was absolutely broke until 26.
moneybags
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Re: What age did you reach 100K networth?

Post by moneybags »

Combined net worth (me + spouse) hit 100k when we were 29 & 35.
200k 1 year later at 30 & 36.
750k now at 32 & 38.
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Stef
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Re: What age did you reach 100K networth?

Post by Stef »

Not yet but crazy how some of you got to 100k with 18-22.
madbrain
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Re: What age did you reach 100K networth?

Post by madbrain »

Probably between age 24-25. Mostly growing home equity from buying a townhouse in the bay area at 21, and some 401k contributions.
sylph
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Re: What age did you reach 100K networth?

Post by sylph »

At age 26, in 2019 :D
This year I plan to save more and reach 200K goal.
MoonOrb
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Re: What age did you reach 100K networth?

Post by MoonOrb »

Edited.
Last edited by MoonOrb on Thu Aug 06, 2020 8:53 pm, edited 1 time in total.
sylph
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Re: What age did you reach 100K networth?

Post by sylph »

JM555 wrote: Mon May 20, 2019 10:25 pm
countofmc wrote: Fri Mar 28, 2014 1:44 pm Early 30s, was pretty damn excited about it, until I found this thread.


😂😂😂😂😂😂🤙🤙🤙🤙🤙


I feel you my brother. Hopefully by the end of this year. Mid 30’s
I felt the same way when someone said at age 14!
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