Share your net worth progression

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Buster65
Posts: 201
Joined: Tue Jun 19, 2012 4:13 pm

Re: Share your net worth progression

Post by Buster65 »

In increments of 5 years: (I'm 54 now)

1997 $128K
2001 $668K
2006 $1.9M
2011 $4.5M
2016 $7.1M
Today $7.9M

How did this happen. First and foremost I've always lived way below my means. Live in the same house with wife and that we bought in 1998. At 40 instead of buying that mid life crisis care I paid off my mortgage. Now I will admit I had some solid earning years but I never got lifestyle creep. We travel, drive two modest paid off cars and don't really have the urge for more. In 2017 my firm closed down so basically income has dried up but by then our capital was the main driver of our income not my wages. I still consult part time and my wife works part time as well but actual earnings from work are very low compared to our peak. Good luck all!
Shael_AT
Posts: 49
Joined: Mon Jul 15, 2019 2:36 pm

Re: Share your net worth progression

Post by Shael_AT »

Buster65 wrote: Thu Mar 26, 2020 12:39 pm In increments of 5 years: (I'm 54 now)

1997 $128K
2001 $668K
2006 $1.9M
2011 $4.5M
2016 $7.1M
Today $7.9M

How did this happen. First and foremost I've always lived way below my means. Live in the same house with wife and that we bought in 1998. At 40 instead of buying that mid life crisis care I paid off my mortgage. Now I will admit I had some solid earning years but I never got lifestyle creep. We travel, drive two modest paid off cars and don't really have the urge for more. In 2017 my firm closed down so basically income has dried up but by then our capital was the main driver of our income not my wages. I still consult part time and my wife works part time as well but actual earnings from work are very low compared to our peak. Good luck all!
I aspire to be in your position one day. We're 28 and just landed our first home in a superb location and metro region, and we have room for 3 more without it getting crowded, too. Fingers crossed - the wife loves the 2020 Audi Q7, but loves having no payments even more ;) :sharebeer
Keenobserver
Posts: 559
Joined: Thu Aug 13, 2015 1:05 pm

Re: Share your net worth progression

Post by Keenobserver »

Wow this thread really died out.
L82GAME
Posts: 364
Joined: Sat Dec 07, 2019 9:29 am

Re: Share your net worth progression

Post by L82GAME »

Buster65 wrote: Thu Mar 26, 2020 12:39 pm In increments of 5 years: (I'm 54 now)

1997 $128K
2001 $668K
2006 $1.9M
2011 $4.5M
2016 $7.1M
Today $7.9M

How did this happen. First and foremost I've always lived way below my means. Live in the same house with wife and that we bought in 1998. At 40 instead of buying that mid life crisis care I paid off my mortgage. Now I will admit I had some solid earning years but I never got lifestyle creep. We travel, drive two modest paid off cars and don't really have the urge for more. In 2017 my firm closed down so basically income has dried up but by then our capital was the main driver of our income not my wages. I still consult part time and my wife works part time as well but actual earnings from work are very low compared to our peak. Good luck all!
Keenobserver wrote: Wed Apr 01, 2020 4:13 pm Wow this thread really died out.
It’s a rather tacky topic in these times...
“Simplicity is the ultimate sophistication.” - Lao Tzu
KSActuary
Posts: 611
Joined: Fri Jan 13, 2012 10:53 pm

Re: Share your net worth progression

Post by KSActuary »

Not sure if tacky is the right term but I am sure people with large portfolios have seen some sizable dollar-sized drops in the last month. Might be hard to get used to going from %'s to $'s. I think looking at NW without understanding income or retirement needs is a little incomplete.
tigers174
Posts: 54
Joined: Sun Feb 03, 2019 3:24 pm

Re: Share your net worth progression

Post by tigers174 »

Keenobserver wrote: Wed Apr 01, 2020 4:13 pm Wow this thread really died out.
Most people calculate their net worth once a year, usually towards the end of the year.
nobleisthyname
Posts: 8
Joined: Thu Mar 26, 2020 4:39 pm

Re: Share your net worth progression

Post by nobleisthyname »

I calculated our net worth at the end of March and was pleasantly surprised at how little the recent downturn affected my graphs. In fact our net worth has continued to increase each month this year.

In reality, this mostly speaks to how early in our journey my wife and are. ~20% of our NW is in cash as our emergency fund/home down payment/various other buckets, so we weren't terribly exposed. Also I got a nice bonus at work last month and was able to put it all in the market right in the middle of the partial rally last week which negated a good bit of the damage.

We're at $109,000 right now. I'm looking forward to seeing what that number is 5 years from now.
Candor
Posts: 333
Joined: Sat May 28, 2011 4:25 pm

Re: Share your net worth progression

Post by Candor »

Keenobserver wrote: Wed Apr 01, 2020 4:13 pm Wow this thread really died out.
Not a lot of progress lately.
Normchad
Posts: 1472
Joined: Thu Mar 03, 2011 7:20 am

Re: Share your net worth progression

Post by Normchad »

Mine is heading the other way now..... I may get a chance to relive crossing many of the milestone values at least one more time, hopefully twice.

Then again, I may become a thousandaire!
User avatar
dziuniek
Posts: 939
Joined: Mon Jul 23, 2012 2:54 pm
Location: Corrupticut

Re: Share your net worth progression

Post by dziuniek »

[/quote]

Age Year Net-Worth
26 2011 $(20,000.00)
27 2012 $(10,000.00)
28 2013 $(40,000.00)
29 2014 $(15,000.00)
30 2015 $26,500.00
31 2016 $94,000.00
32 2017 $147,500.00
33 2018 $182,500.00
34 2019 $248,000.00

Great year for us!
[/quote]

9/30/2020 upate:

$300,000
Last edited by dziuniek on Wed Oct 14, 2020 8:35 pm, edited 2 times in total.
OCWhale
Posts: 42
Joined: Wed Apr 20, 2016 8:59 am

Re: Share your net worth progression

Post by OCWhale »

Age 21 (2014): $3,000
Age 22 (2015): $35,000
Age 23 (2016): $75,000
Age 24 (2017): $130,000
Age 25 (2018): $190,000
Age 26 (2019): $230,000
Age 27 (2020): $250,000

Down to about $225K after the recent market pullback, but my goal was to get to $250K before by my 30th (some arbitrary goal that I'd heard about from one of my co-workers at my first job).

Still renting at the moment but planning to settle down in the next 2-3 years and look for a starter home. Girlfriend will be getting out of business school with $75K of loans (thankfully she got a merit scholarship for about half of the tuition), but she'll probably be making about what I am (~$150-175K) so hopefully that won't be too difficult to dig out of.
Count of Notre Dame
Posts: 234
Joined: Fri Oct 11, 2013 1:08 pm

Re: Share your net worth progression

Post by Count of Notre Dame »

Got to $882k net worth at the end of 2019 and still hoping to hit $1M net worth by age 37 in November 2020 due to our high annual savings (~$200k per year) which includes employer contributions in the 401k.

401k - $98,000
Student loan principal - $45,600
Mortgage principal - $36,780
Backdoor IRAs - $12,000
HSA - $7,000

Our goal is to hit $5M by age 50 at which time I will retire and my wife will shift to part time work.
User avatar
augryphon
Posts: 167
Joined: Wed Mar 02, 2016 11:35 am

Re: Share your net worth progression

Post by augryphon »

In June 1986 I had nothing. By 1999 I thought I was rich. in 2000, 2008, and 2020 I became un-rich. Now I realize that I'll never be rich, but I'm doing pretty okay. FA says I can retire at 58 without taking a pay cut.
Independent George
Posts: 1011
Joined: Wed Feb 17, 2016 12:13 pm
Location: Chicago, IL, USA

Re: Share your net worth progression

Post by Independent George »

Just like when I first started working out seriously, I really wish I'd started tracking my progress sooner.

I was at $481k in December 2019, crossed the $500k barrier in February, fell to a low of around $390k, and am now currently right around $450k.

Funny enough, my own post in February was rather prophetic:
Well, I officially crossed $500k net worth today. I immediately started thinking of how excited I was about getting to $100k in 2007 - it was so much fun, I did it again in 2011.
Market timers, take note. For a small fee, I promise to tell you the exact moment I hit certain financial milestones.
Count of Notre Dame
Posts: 234
Joined: Fri Oct 11, 2013 1:08 pm

Re: Share your net worth progression

Post by Count of Notre Dame »

augryphon wrote: Wed Apr 29, 2020 11:17 am In June 1986 I had nothing. By 1999 I thought I was rich. in 2000, 2008, and 2020 I became un-rich. Now I realize that I'll never be rich, but I'm doing pretty okay. FA says I can retire at 58 without taking a pay cut.
How rich is "rich"? hehe
User avatar
dziuniek
Posts: 939
Joined: Mon Jul 23, 2012 2:54 pm
Location: Corrupticut

Re: Share your net worth progression

Post by dziuniek »

Count of Notre Dame wrote: Wed Apr 29, 2020 11:28 am
augryphon wrote: Wed Apr 29, 2020 11:17 am In June 1986 I had nothing. By 1999 I thought I was rich. in 2000, 2008, and 2020 I became un-rich. Now I realize that I'll never be rich, but I'm doing pretty okay. FA says I can retire at 58 without taking a pay cut.
How rich is "rich"? hehe
Most of the posted numbers here are mind boggling. Atleast you know you're in decent company, haha.

I'll never reach the numbers of most of the well-off folks here, primarily due to salary/income. Oh well! :)
Olemiss540
Posts: 1552
Joined: Fri Aug 18, 2017 8:46 pm

Re: Share your net worth progression

Post by Olemiss540 »

augryphon wrote: Wed Apr 29, 2020 11:17 am In June 1986 I had nothing. By 1999 I thought I was rich. in 2000, 2008, and 2020 I became un-rich. Now I realize that I'll never be rich, but I'm doing pretty okay. FA says I can retire at 58 without taking a pay cut.
But will your FA take a pay cut? :D
I hold index funds because I do not overestimate my ability to pick stocks OR stock pickers.
Count of Notre Dame
Posts: 234
Joined: Fri Oct 11, 2013 1:08 pm

Re: Share your net worth progression

Post by Count of Notre Dame »

Count of Notre Dame wrote: Wed Apr 29, 2020 10:55 am Got to $882k net worth at the end of 2019 and still hoping to hit $1M net worth by age 37 in November 2020 due to our high annual savings (~$200k per year) which includes employer contributions in the 401k.

401k - $98,000
Student loan principal - $45,600
Mortgage principal - $36,780
Backdoor IRAs - $12,000
HSA - $7,000

Our goal is to hit $5M by age 50 at which time I will retire and my wife will shift to part time work.
Funny how oblivious I was to the market rebound in April. I was very excited to update my net worth spreadsheet this morning, and realized I crossed the magical $1M threshold!!!!!!! :sharebeer
mptfan
Posts: 6260
Joined: Mon Mar 05, 2007 9:58 am

Re: Share your net worth progression

Post by mptfan »

tigers174 wrote: Wed Apr 01, 2020 5:43 pm Most people calculate their net worth once a year, usually towards the end of the year.
Lol, how do you know what most people do, and when they do it?
OCWhale
Posts: 42
Joined: Wed Apr 20, 2016 8:59 am

Re: Share your net worth progression

Post by OCWhale »

dziuniek wrote: Wed Apr 29, 2020 1:51 pm
Count of Notre Dame wrote: Wed Apr 29, 2020 11:28 am
augryphon wrote: Wed Apr 29, 2020 11:17 am In June 1986 I had nothing. By 1999 I thought I was rich. in 2000, 2008, and 2020 I became un-rich. Now I realize that I'll never be rich, but I'm doing pretty okay. FA says I can retire at 58 without taking a pay cut.
How rich is "rich"? hehe
Most of the posted numbers here are mind boggling. Atleast you know you're in decent company, haha.

I'll never reach the numbers of most of the well-off folks here, primarily due to salary/income. Oh well! :)
I know how you feel. Don't be discouraged - we're at about the same net worth and there's definitely plenty of time to save/build wealth. The community here definitely skews towards the more affluent side but I think it's great to have something to aspire to.
Redlion
Posts: 85
Joined: Sat May 04, 2019 10:31 am

Re: Share your net worth progression

Post by Redlion »

OCWhale wrote: Thu Apr 30, 2020 12:39 pm
dziuniek wrote: Wed Apr 29, 2020 1:51 pm
Count of Notre Dame wrote: Wed Apr 29, 2020 11:28 am
augryphon wrote: Wed Apr 29, 2020 11:17 am In June 1986 I had nothing. By 1999 I thought I was rich. in 2000, 2008, and 2020 I became un-rich. Now I realize that I'll never be rich, but I'm doing pretty okay. FA says I can retire at 58 without taking a pay cut.
How rich is "rich"? hehe
Most of the posted numbers here are mind boggling. Atleast you know you're in decent company, haha.

No need to compare yourself to others, It's human nature for people to exaggerate online and its probable most of the responses are not true.
I'll never reach the numbers of most of the well-off folks here, primarily due to salary/income. Oh well! :)
I know how you feel. Don't be discouraged - we're at about the same net worth and there's definitely plenty of time to save/build wealth. The community here definitely skews towards the more affluent side but I think it's great to have something to aspire to.
e5116
Posts: 621
Joined: Mon Oct 05, 2009 11:22 am

Re: Share your net worth progression

Post by e5116 »

Count of Notre Dame wrote: Thu Apr 30, 2020 10:23 am
Count of Notre Dame wrote: Wed Apr 29, 2020 10:55 am Got to $882k net worth at the end of 2019 and still hoping to hit $1M net worth by age 37 in November 2020 due to our high annual savings (~$200k per year) which includes employer contributions in the 401k.

401k - $98,000
Student loan principal - $45,600
Mortgage principal - $36,780
Backdoor IRAs - $12,000
HSA - $7,000

Our goal is to hit $5M by age 50 at which time I will retire and my wife will shift to part time work.
Funny how oblivious I was to the market rebound in April. I was very excited to update my net worth spreadsheet this morning, and realized I crossed the magical $1M threshold!!!!!!! :sharebeer
Congrats!! I was tantalizingly close to that milestone in February but the market rebound hasn’t been enough for us yet to get over it after the March thrashing ... Hoping to join you soon! The thing that’s funny is you can’t really tell anybody about it, so it’s kinda nice to share anonymously here.
User avatar
abuss368
Posts: 22225
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!
Contact:

Re: Share your net worth progression

Post by abuss368 »

Count of Notre Dame wrote: Thu Apr 30, 2020 10:23 am
Count of Notre Dame wrote: Wed Apr 29, 2020 10:55 am Got to $882k net worth at the end of 2019 and still hoping to hit $1M net worth by age 37 in November 2020 due to our high annual savings (~$200k per year) which includes employer contributions in the 401k.

401k - $98,000
Student loan principal - $45,600
Mortgage principal - $36,780
Backdoor IRAs - $12,000
HSA - $7,000

Our goal is to hit $5M by age 50 at which time I will retire and my wife will shift to part time work.
Funny how oblivious I was to the market rebound in April. I was very excited to update my net worth spreadsheet this morning, and realized I crossed the magical $1M threshold!!!!!!! :sharebeer
Congrats. Same here as I do not look at our portfolio everyday.
John C. Bogle: “Simplicity is the master key to financial success."
User avatar
abuss368
Posts: 22225
Joined: Mon Aug 03, 2009 2:33 pm
Location: Where the water is warm, the drinks are cold, and I don't know the names of the players!
Contact:

Re: Share your net worth progression

Post by abuss368 »

dziuniek wrote: Wed Apr 29, 2020 1:51 pm
Count of Notre Dame wrote: Wed Apr 29, 2020 11:28 am
augryphon wrote: Wed Apr 29, 2020 11:17 am In June 1986 I had nothing. By 1999 I thought I was rich. in 2000, 2008, and 2020 I became un-rich. Now I realize that I'll never be rich, but I'm doing pretty okay. FA says I can retire at 58 without taking a pay cut.
How rich is "rich"? hehe
Most of the posted numbers here are mind boggling. Atleast you know you're in decent company, haha.

I'll never reach the numbers of most of the well-off folks here, primarily due to salary/income. Oh well! :)
Stay positive and stay the course.
Last edited by abuss368 on Sat May 02, 2020 8:49 pm, edited 1 time in total.
John C. Bogle: “Simplicity is the master key to financial success."
Simple Simon
Posts: 107
Joined: Sat Apr 26, 2014 4:37 am

Re: Share your net worth progression

Post by Simple Simon »

$10^3... Early teens. Someone died.
$10°4... Mid twenties. Parents paid my tuition. First pay checks.
$10^5... Late twenties. The house I bought increased in value.
$10^6... Late thirties. Established as a professional.
$2*10^6... Early forties. Peak wage.
$3*10^6... Late forties (now). Stepping off the gas a little.

Maybe similar to other bogleheads. I earn OK but I'm not scalable. So my ceiling is determined by how hard and smart I work, how long I go on working, how much and how successfully I invest.

I'm never going to hit $10^7. Which is ok, satisfied with what I have. The people who do achieve that- $10MM-$100MM- I think they are different altogether.
jeg208
Posts: 62
Joined: Wed Jul 05, 2017 2:42 pm

Re: Share your net worth progression

Post by jeg208 »

jeg208 wrote: Thu May 02, 2019 8:10 am Wife and I are currently age 33 and have worked our way up to $160k/year gross. Found this forum through Reddit in 2017 and fired my "advisor" the same year. He had returned 1.2% after fees from 2014-2017.

Retirement assets:
2014 - $60k
2015 - $50k
2016 - $110k
2017 - $140k
2018 - $190k
2019 - $205k YTD

NW including home equity is north of $300k. It's a grind, but I am so thankful for you all here at bogleheads. I am confident in my new trajectory.
Funny that I just thought of this thread, and it has been almost exactly a year since I posted. 2020 update:

2020 - $260k YTD

The housing market in my area shows no signs of slowing down, so that in combination with double mortgage payments has our total NW north of $450k. We are also on track to max out both our 401k contributions for the first time ever, assuming we maintain employment through this COVID-19. Gross income is right around $165k for the year.
Last edited by jeg208 on Mon May 25, 2020 3:53 pm, edited 1 time in total.
SubPar
Posts: 29
Joined: Mon Apr 27, 2020 11:48 am
Location: MN

Re: Share your net worth progression

Post by SubPar »

Been lurking for a while, but decided recently join the BH conversation. It's inspiring reading some of these progression posts, though it's also slightly disconcerting in how far behind it makes me feel :shock: We're just starting out on our journey to financial independence...

DW and I just turned 32 and 33, respectively. Greater Minneapolis area. DINK (for now). Combined gross income is at $240k base, target bonuses can add $0 - $40k (FY19 was ~$32k). We make approximately the same amount, though DW is up for a promotion shortly. We're both just starting to hit our career strides and have seen solid earnings growth in the last 12-18 mos.

12/31/2018: $150k-$175k [guess, really didn't start tracking until recently]
12/31/2019: $251k
05/10/2020: $292k

Current Breakdown:
$85k cash
$125k pre-tax
$38k Roth
$58k home equity
($14k) low-interest car loan

2020 will be a big year for us, as it represents the first year we'll both max our respective 401(k) and backdoor R-IRAs. We closed on our first home and got hitched in 2018, paid off all remaining student loan debt (~$50k) in mid-2019, after which we decided to get serious about investing after years of limping along.

Going forward, my financial goal is to max 401(k) x2, backdoor R-IRA x2, and $13K to taxable account we just opened. That should be comfortably doable on our current base incomes, average spending, and after building in a healthy reserve for projected childcare costs. Any bonus funds will go straight to taxable, so in theory we could potentially double-ish the aforementioned taxable investment.
User avatar
FrankTheViking
Posts: 105
Joined: Wed Jan 08, 2020 3:44 pm

Re: Share your net worth progression

Post by FrankTheViking »

2015 and sooner maybe $1k on and off
2016 -$23k bought new car
2017 -$28k got married wife had a little debt
2018 -$27k
2019 $22k, stumbled across Dave Ramsey, then somehow found Bogleheads
2020 thus far should hit $50k by end of the week

Wish I could time travel but oh well life is good.
No EF. 80% Total U.S. / 20% Total International. 100% equity. Is there a gun to your head? Is there a tiger in the room? No? What's the problem?
User avatar
FrankTheViking
Posts: 105
Joined: Wed Jan 08, 2020 3:44 pm

Re: Share your net worth progression

Post by FrankTheViking »

azianbob wrote: Mon Mar 02, 2020 4:58 pm Curious, are there any people here who have zero real estate (no house, decide to just invest everything into the stock market?)

It seems the majority of people on this thread own at least one house they are living in, usually many have rentals as well. Wondering if the non home owners have similar levels of net worth growth as the others, or more or less.
Wife and I just rent. Relatively young but live in a very LCOL area...... only paying $650 a month for a 2000 sq foot (granted 100+ years old, hope you like plumbing) house and that includes utilities.
Toyed with idea of buying a duplex or fourplex and renting out the other units but it just seems like a lot more hassle then it's worth.

Hoping my networth grows faster than if I buy but I'm basing all my predictions on past results.
No EF. 80% Total U.S. / 20% Total International. 100% equity. Is there a gun to your head? Is there a tiger in the room? No? What's the problem?
squirm
Posts: 3004
Joined: Sat Mar 19, 2011 11:53 am

Re: Share your net worth progression

Post by squirm »

Funny how you ask what the npv of a pension is, and you're constantly told all that matters is income, not net worth. Now this thread basically implies the opposite.
PStrider
Posts: 50
Joined: Sun Mar 22, 2015 6:31 am

Re: Share your net worth progression

Post by PStrider »

In your opinion, what would be the 'average' progression for a comfortable retirement at 62 for majority of folks in the US?

Here's somewhat of a random guess:

Age - Net Worth
20 - $50k
30 - $200k
40 - $500k
50 - $1.0m
60 - $1.5m
65 - $2.0m
squirm
Posts: 3004
Joined: Sat Mar 19, 2011 11:53 am

Re: Share your net worth progression

Post by squirm »

PStrider wrote: Mon May 11, 2020 5:35 pm In your opinion, what would be the 'average' progression for a comfortable retirement at 62 for majority of folks in the US?

Here's somewhat of a random guess:

Age - Net Worth
20 - $50k
30 - $200k
40 - $500k
50 - $1.0m
60 - $1.5m
65 - $2.0m
Most folks have nothing even close to $2M. The biggest net worth is the equity in their home. Within the past couple of decades they've been raiding that earlier too.
stoptothink
Posts: 8517
Joined: Fri Dec 31, 2010 9:53 am

Re: Share your net worth progression

Post by stoptothink »

squirm wrote: Mon May 11, 2020 5:54 pm
PStrider wrote: Mon May 11, 2020 5:35 pm In your opinion, what would be the 'average' progression for a comfortable retirement at 62 for majority of folks in the US?

Here's somewhat of a random guess:

Age - Net Worth
20 - $50k
30 - $200k
40 - $500k
50 - $1.0m
60 - $1.5m
65 - $2.0m
Most folks have nothing even close to $2M. The biggest net worth is the equity in their home. Within the past couple of decades they've been raiding that earlier too.
My parents have $0 in retirement at 58 and 54, and are about halfway through their mortgage. I suspect they'll have a decent retirement at "normal age" (~65) off SS and stepdad's (pretty meager) teacher pension.
squirm
Posts: 3004
Joined: Sat Mar 19, 2011 11:53 am

Re: Share your net worth progression

Post by squirm »

stoptothink wrote: Mon May 11, 2020 6:19 pm
squirm wrote: Mon May 11, 2020 5:54 pm
PStrider wrote: Mon May 11, 2020 5:35 pm In your opinion, what would be the 'average' progression for a comfortable retirement at 62 for majority of folks in the US?

Here's somewhat of a random guess:

Age - Net Worth
20 - $50k
30 - $200k
40 - $500k
50 - $1.0m
60 - $1.5m
65 - $2.0m
Most folks have nothing even close to $2M. The biggest net worth is the equity in their home. Within the past couple of decades they've been raiding that earlier too.
My parents have $0 in retirement at 58 and 54, and are about halfway through their mortgage. I suspect they'll have a decent retirement at "normal age" (~65) off SS and stepdad's (pretty meager) teacher pension.
I don't think my parents had much at those ages either. Pretty much depended on SS and a few other things.
coachd50
Posts: 397
Joined: Sun Oct 22, 2017 10:12 am

Re: Share your net worth progression

Post by coachd50 »

Including the Equity in a house (valued conservatively at just over the cost I paid)
2007 60,300
2008 79,600
2009 82,000
2010 104,500
2011 121,100
2012 141,500
2013 166,800
2014 190,500
2015 219,500
2016 256,000
2017 307,800
2018 327,000
2019 392,000
Current 383,000
kleiner
Posts: 30
Joined: Tue Jun 02, 2020 8:45 am

Re: Share your net worth progression

Post by kleiner »

Hi Everyone, I just joined this forum so I thought I would begin with a rough view of our progression in our invested net worth.

December 2005 $604,000
Nov 2006 $760,000
May 2009 $873,000
December 2010 $1,150,000
Currently $4,700,000

I started work in the early 1990s but I don't have the numbers for our our early years of unemployment unfortunately. In addition to the above, we also have pensions and our house is paid off.

My wife and I have been working for almost thirty years in well-paid jobs, me in tech and wife in healthcare. However, we have also been low spenders. We have one modest house and two fully paid-for cars.
Edge215
Posts: 41
Joined: Mon Aug 29, 2016 7:07 pm

Re: Share your net worth progression

Post by Edge215 »

kleiner wrote: Tue Jun 02, 2020 8:54 am Hi Everyone, I just joined this forum so I thought I would begin with a rough view of our progression in our invested net worth.

December 2005 $604,000
Nov 2006 $760,000
May 2009 $873,000
December 2010 $1,150,000
Currently $4,700,000

I started work in the early 1990s but I don't have the numbers for our our early years of unemployment unfortunately. In addition to the above, we also have pensions and our house is paid off.

My wife and I have been working for almost thirty years in well-paid jobs, me in tech and wife in healthcare. However, we have also been low spenders. We have one modest house and two fully paid-for cars.
Very impressive Kleiner. Curious if u have kids and also high or low cost of living area ?
kleiner
Posts: 30
Joined: Tue Jun 02, 2020 8:45 am

Re: Share your net worth progression

Post by kleiner »

Edge215 wrote: Tue Jun 02, 2020 9:07 am
Very impressive Kleiner. Curious if u have kids and also high or low cost of living area ?
We do live in a HCOL area, in New Jersey (a suburb of NY City). We have two kids, older one has just finished college while the younger one will be starting college next year (money for that is separate and I don't include that in net worth). I'm planning to retire this year but wife will be working for a few more years.
Edge215
Posts: 41
Joined: Mon Aug 29, 2016 7:07 pm

Re: Share your net worth progression

Post by Edge215 »

kleiner wrote: Tue Jun 02, 2020 9:23 am
Edge215 wrote: Tue Jun 02, 2020 9:07 am
Very impressive Kleiner. Curious if u have kids and also high or low cost of living area ?
We do live in a HCOL area, in New Jersey (a suburb of NY City). We have two kids, older one has just finished college while the younger one will be starting college next year (money for that is separate and I don't include that in net worth). I'm planning to retire this year but wife will be working for a few more years.
Beautiful. Bravo. Would you mind sharing your investment strategy?
lostdog
Posts: 3363
Joined: Thu Feb 04, 2016 2:15 pm

Re: Share your net worth progression

Post by lostdog »

squirm wrote: Mon May 11, 2020 6:25 pm
stoptothink wrote: Mon May 11, 2020 6:19 pm
squirm wrote: Mon May 11, 2020 5:54 pm
PStrider wrote: Mon May 11, 2020 5:35 pm In your opinion, what would be the 'average' progression for a comfortable retirement at 62 for majority of folks in the US?

Here's somewhat of a random guess:

Age - Net Worth
20 - $50k
30 - $200k
40 - $500k
50 - $1.0m
60 - $1.5m
65 - $2.0m
Most folks have nothing even close to $2M. The biggest net worth is the equity in their home. Within the past couple of decades they've been raiding that earlier too.
My parents have $0 in retirement at 58 and 54, and are about halfway through their mortgage. I suspect they'll have a decent retirement at "normal age" (~65) off SS and stepdad's (pretty meager) teacher pension.


I don't think my parents had much at those ages either. Pretty much depended on SS and a few other things.

My mother is 71 and lives off of SS and a monthly $300 pension.
fishnhunt
Posts: 96
Joined: Tue Jan 29, 2019 8:53 am

Re: Share your net worth progression

Post by fishnhunt »

PStrider wrote: Mon May 11, 2020 5:35 pm In your opinion, what would be the 'average' progression for a comfortable retirement at 62 for majority of folks in the US?

Here's somewhat of a random guess:

Age - Net Worth
20 - $50k
30 - $200k
40 - $500k
50 - $1.0m
60 - $1.5m
65 - $2.0m
I think $50k at 20 years old is extremely unrealistic. Most "average" people are lucky to have this by 30. Many people don't get out of college until 22-23 with little to no money saved and student loans. Average would probably be a networth of -$50k at 23, then working upward from there. The sad truth of today's student debt crisis. Not everyone gets their college paid for and starts out earning six figures.
User avatar
9mm
Posts: 20
Joined: Tue Jun 02, 2020 9:25 am
Location: usa

Re: Share your net worth progression

Post by 9mm »

First post here. Thanks for all the great content over the years.

Format: "Year/Income/Net Worth"
  • 2010/$46k/-$150k
  • 2011/$56k/-$110k
  • 2012/$65k/-$78k
  • 2013/$68k/-$35k
  • 2014/$76k/$45k
  • 2015/$125k/$110k
  • 2016/$135k/$185k
  • 2017/$146k/$280k
  • 2018/$156k/$410k
  • 2019/$169k/$580k
Current: 2020/$183k/$890k
  • Current net worth is 85% equities (VTI) and 15% cash (CDs). No house (sold at the end of 2019 in VHCOLA), no debt. Average salary less than $120,000. Saving a little over $105k/year now, living on about $65k/year.
Goals:
  • $1M by end of 2021
  • $2M by end of 2026 (financially independent milestone)
:beer Cheers!
Last edited by 9mm on Wed Sep 23, 2020 11:13 pm, edited 7 times in total.
User avatar
Stef
Posts: 1163
Joined: Thu Oct 10, 2019 10:13 am

Re: Share your net worth progression

Post by Stef »

Great progress 9mm!

Any reason why you are assuming that it will take you 7 more years for the 2nd million? It seems that you'll reach this number in less time.
User avatar
9mm
Posts: 20
Joined: Tue Jun 02, 2020 9:25 am
Location: usa

Re: Share your net worth progression

Post by 9mm »

Stef wrote: Tue Jun 02, 2020 10:55 am Great progress 9mm!

Any reason why you are assuming that it will take you 7 more years for the 2nd million? It seems that you'll reach this number in less time.
Thanks! I am assuming less income increases as well as 0% real returns over the next 10 years. If I end up making more money, or we end up having 3% or more real returns, then maybe I can hit my $2m goal sooner. Trying to stay healthy and stay the course :happy
kleiner
Posts: 30
Joined: Tue Jun 02, 2020 8:45 am

Re: Share your net worth progression

Post by kleiner »

Edge215 wrote: Tue Jun 02, 2020 9:59 am
Beautiful. Bravo. Would you mind sharing your investment strategy?
Thanks for your complement, but this is mainly due to slow and steady investing in index funds. In addition to maxing out our 401ks right from the start, we have been great believers in automated monthly investments. We started with $500 per month in the mid 1990s in an S&P 500 index fund at Fidelity and have increased the monthly invest amount progressively over the years. This has been going on without a break for 25 years now.

For a long time, I also regularly bought ETFs and shares with dollar cost averaging at a brokerage called ShareBuilder which is now sadly defunct. Sharebuilder was one of the best savings oriented brokerages: I used to invest $150 in the DIA ETF and a couple of individual shares every Tuesday.
fatcoffeedrinker
Posts: 265
Joined: Mon Mar 23, 2020 2:03 pm

Re: Share your net worth progression

Post by fatcoffeedrinker »

Below includes house equity (currently $1.1M). DW and I both 51.

1996: -$40,000
1997: -$50,000
1998: -$30,000
1999: $100,000
2000: $120,000
2001: $190,000
2002: $290,000
2003: $340,000
2004: $390,000
2005: $980,000
2006: $1,150,000
2007: $1,320,000
2008: $1,130,000
2009: $1,630,000
2010: $1,690,000
2011: $1,800,000
2012: $1,910,000
2013: $2,170,000
2014: $2,200,000
2015: $2,270,000
2016: $2,470,000
2017: $3,150,000
2018: $3,480,000
2019: $4,550,000
YTD: $4,790,000
indexlover
Posts: 162
Joined: Mon May 11, 2015 10:39 am

Re: Share your net worth progression

Post by indexlover »

kleiner wrote: Tue Jun 02, 2020 8:54 am Hi Everyone, I just joined this forum so I thought I would begin with a rough view of our progression in our invested net worth.

December 2005 $604,000
Nov 2006 $760,000
May 2009 $873,000
December 2010 $1,150,000
Currently $4,700,000

I started work in the early 1990s but I don't have the numbers for our our early years of unemployment unfortunately. In addition to the above, we also have pensions and our house is paid off.

My wife and I have been working for almost thirty years in well-paid jobs, me in tech and wife in healthcare. However, we have also been low spenders. We have one modest house and two fully paid-for cars.
Is your house included in the networth ? Good job on your savings and your disciplined investments.
“If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle.” - Mr. Buffett - Berkshire Hathaway ’s 2016 annual report.
kleiner
Posts: 30
Joined: Tue Jun 02, 2020 8:45 am

Re: Share your net worth progression

Post by kleiner »

indexlover wrote: Tue Jun 02, 2020 12:47 pm Is your house included in the networth ? Good job on your savings and your disciplined investments.
Thanks! I have not included the value of my house in my net worth. The house is probably worth about $600k at this point.
User avatar
Taylor Larimore
Advisory Board
Posts: 30040
Joined: Tue Feb 27, 2007 8:09 pm
Location: Miami FL

Re: Share your net worth progression

Post by Taylor Larimore »

Bogleheads:

Sixteen years ago when my wife and I were about 80, we realized that we had saved more than enough to see us through the remainder of our retirement with the purchase of two Single Premium Immediate Annuities. Accordingly we started giving our children their inheritance immediately in the form of monthly payments. They are very grateful.

As we grew older our investments (initially 3 Vanguard Total Market Index Funds, now two) allowed us to increase their allowance and give a bit to charity. Thank you Jack!

My wife died 7 years ago. I plan to die nearly broke. My remains are earmarked for the University of Miami Medical School.

Best wishes.
Taylor
Jack Bogle's Words of Wisdom: "The great game of life is not about money; it is about doing your best to join the battle to build anew ourselves, our communities, our nation, and our world."
"Simplicity is the master key to financial success." -- Jack Bogle
User avatar
marti038
Posts: 232
Joined: Tue Mar 21, 2017 3:45 pm
Location: Birmingham, AL

Re: Share your net worth progression

Post by marti038 »

fatcoffeedrinker wrote: Tue Jun 02, 2020 12:37 pm Below includes house equity (currently $1.1M). DW and I both 51.

1996: -$40,000
1997: -$50,000
1998: -$30,000
1999: $100,000
2000: $120,000
2001: $190,000
2002: $290,000
2003: $340,000
2004: $390,000
2005: $980,000
2006: $1,150,000
2007: $1,320,000
2008: $1,130,000
2009: $1,630,000
2010: $1,690,000
2011: $1,800,000
2012: $1,910,000
2013: $2,170,000
2014: $2,200,000
2015: $2,270,000
2016: $2,470,000
2017: $3,150,000
2018: $3,480,000
2019: $4,550,000
YTD: $4,790,000
2004 was some year. Did you sell a business? Receive inheritance?
Post Reply