At what age did you reach your first $1 Million

[SmoothieJ]

At what age did your net worth reach $1 million? (July 20, 2013)

[Link formatted by admin LadyGeek]

I found this pole from 2003. Interested in restarting the thread, or posing the same question.

I am 46, wife at 43. We are at this milestone and just curious where we are compared to our peers.

[Tooth]

At 35. However, a million is the new 100 grand with inflation.

[gtrplayer]

[url]viewtopic.php?t=120071&start=50/url]

I found this pole from 2003. Interested in restarting the thread, or posing the same question.

I am 46, wife at 43. We are at this milestone and just curious where we are compared to our peers.

The median networth for a person in their 40’s is somewhere between $127,000-164,000, according to this yahoo finance article. You’re leaps and bounds above your peers.

https://www.yahoo.com/now/average-net-w ... 06631.html

[Grt2bOutdoors]

Peers should be based on more than just age alone. A couple which earns $75k a year and accumulates $1 million has a much tougher hurdle or rather a set of hurdles to cross compared to a couple which earns $100k+. Wouldn’t you agree?

These polls really don’t mean much.

[cacophony]

At 35. However, a million is the new 100 grand with inflation.

Yes, that is accurate if you're comparing $1MM today vs $100k in 1952.

[broncocountry25]

Wrote a check to myself and my wife that we would hit $600,000 at 30.

Really don't know why I picked that amount. We ended up hitting $1M at 30. That was 2020 before kids.

Now I invest aggressively for my kids futures, to be able to start more businesses, and to hopefully help out family down the road.

[Grt2bOutdoors]

At 35. However, a million is the new 100 grand with inflation.

So, have you accumulated $10 million?

[alpenglow]

$1m 38
$2m 44
$3m ??

[Cheez-It Guy]

Wrote a check to myself and my wife that we would hit $600,000 at 30.

I don't understand. You wrote a check?

[SmoothieJ]

Peers should be based on more than just age alone. A couple which earns $75k a year and accumulates $1 million has a much tougher hurdle or rather a set of hurdles to cross compared to a couple which earns $100k+. Wouldn’t you agree?

These polls really don’t mean much.

Instead of "peers", I should have said "Boglehead Peers".

And yes, everyone reaches the milestone with different size shovels. For me it is just to know where others are at...those who actually live by the Boglehead Way.

And, ultimately to form some perspective of where we are at and where we will perhaps be in the process as time goes on.

[H-Town]

[url]viewtopic.php?t=120071&start=50/url]

I found this pole from 2003. Interested in restarting the thread, or posing the same question.

I am 46, wife at 43. We are at this milestone and just curious where we are compared to our peers.

$1 million mark is so 2003. I’m interested to see $10 million mark.

Compete with yourself rather than compare yourself with others.

[slalom]

Single here - hit first $1 MM at 39 in April 2019..

Hit $2 MM at 42 in October 2021.

My SO and I cohabitate but aren’t married - if you count both of us we hit $1 MM a long time ago, 2013 maybe at 33.

[CRC_Volunteer]

Wrote a check to myself and my wife that we would hit $600,000 at 30.

I don't understand. You wrote a check?

Maybe waiting for the funds to be available before cashing the check.

[mortfree]

1 million (investments): Age 43, rode that for awhile until 2022 hit, then 1M again this year. I added 44k last year as well but in a standstill

I don’t count my home

[SmoothieJ]

[url]viewtopic.php?t=120071&start=50/url]

I found this pole from 2003. Interested in restarting the thread, or posing the same question.

I am 46, wife at 43. We are at this milestone and just curious where we are compared to our peers.

$1 million mark is so 2003. I’m interested to see $10 million mark.

Compete with yourself rather than compare yourself with others.

Yes. $1 Million doesn't seem like much of a milestone. But $1 million still doubles a bit nicer than a lesser amount.

No competing on my part. Just perspective and reflection.

[tibbitts]

[url]viewtopic.php?t=120071&start=50/url]

I found this pole from 2003. Interested in restarting the thread, or posing the same question.

I am 46, wife at 43. We are at this milestone and just curious where we are compared to our peers.

You already know where you are statistically without needing to ask here; I don't believe this could possibly be useful information to you. If the average Boglehead posts that they had an inflation-adjusted $1M at age 29, what does that mean to you?

[bg5]

Are we talking net worth or $1 million in retirement/savings?

I should hit a $1 million net worth by 44 but on the other hand $1 million in stocks I should hit by 49 at latest

[broncocountry25]

Wrote a check to myself and my wife that we would hit $600,000 at 30.

I don't understand. You wrote a check?

Haha, yes. To motivate myself for a goal I put in writing.

It worked!

[Cheez-It Guy]

Wrote a check to myself and my wife that we would hit $600,000 at 30.

I don't understand. You wrote a check?

Haha, yes. To motivate myself for a goal I put in writing.

It worked!

I'm glad it worked, but I'm still very confused on the mechanics. How much was the check written for, and what did you do with it?

[brian91480]

1 million: Age 43, rode that for awhile until 2022 hit, then 1M again this year. I added 44k last year as well but in a standstill

38 or 39... I can't remember. But I'm also at a standstill despite continued investing.

We just grind our teeth... and wait for the inevitable upswing.

--- Brian

[broncocountry25]

Wrote a check to myself and my wife that we would hit $600,000 at 30.

I don't understand. You wrote a check?

Haha, yes. To motivate myself for a goal I put in writing.

It worked!

I'm glad it worked, but I'm still very confused on the mechanics. How much was the check written for, and what did you do with it?

I think you might be overthinking it?

I took an actual check and wrote it out to myself and my wife for $600,000 and stashed it (For Fun).

Something to keep us motivated, we wrote 30th birthdays in the memo line.

It wasn't a situation were we went and cashed an actual check.

At 30 we had reached a networth of more then a million.

[Makefile]

I'm glad it worked, but I'm still very confused on the mechanics. How much was the check written for, and what did you do with it?

Perhaps it was like one of those giant display checks that lottery winners stand by rather than a functional one.

[carminered2019]

1M NW or 1M stock portfolio ?

[Tooth]

At 35. However, a million is the new 100 grand with inflation.

So, have you accumulated $10 million?

No, around 3-4 million but have a good pension and wife still wants to work. Maybe could hit 10 if wife continues to accumulate and market takes off again. I don't have a desire to work for money; I'll work for good food, though. Like good, home cooked meals.

[Tooth]

[url]viewtopic.php?t=120071&start=50/url]

I found this pole from 2003. Interested in restarting the thread, or posing the same question.

I am 46, wife at 43. We are at this milestone and just curious where we are compared to our peers.

The median networth for a person in their 40’s is somewhere between $127,000-164,000, according to this yahoo finance article. You’re leaps and bounds above your peers.

https://www.yahoo.com/now/average-net-w ... 06631.html

This is crazy. I always have a perspective that everyone has a lot of money. I think having money distorts perspective.

[Beensabu]

Aaahahahahaahaaaaaaaaaahahahahahaaaaaaaa...

Good gods, Bogleheads...

Don't worry other sad laughers, you are not alone.

[22twain]

viewtopic.php?t=120071&start=50

I found this pole from 2003. Interested in restarting the thread, or posing the same question.

Here's a much longer thread from a couple of years ago.

viewtopic.php?t=328722

It's not in poll format because the moderators disabled the forum software's poll feature in the meantime.

In that thread, I note that I reached my first and so far only million at age 59. That was in nominal "then" dollars. In today's dollars it would have have been about four years earlier.

[anon_investor]

$1 million in equities before 40. Avoid unnecessary spending and invest the rest in index funds!

[TinyHouse]

Wrote a check to myself and my wife that we would hit $600,000 at 30.

Nice w*rk!

When I was 22 I said a goal that I would be making $100,000 a year and have a $500,000 net worth. Fast forward 10 years, and we paid off $150,000 in student loans, I made $300k+ in 2023, and have $1.3M in the portfolio, and no debt. In my mind, I still just have 1 million since inflation is so bad lol

I’ve got a feeling the next 10 years will not be as kind, but so thankful for the solid start. I think we reached 1 million for the first time in our portfolio around age 30 as well. Fairly recently.

[SmoothieJ]

1M NW or 1M stock portfolio ?

Investment portfolio, not total net worth per se.

[SmoothieJ]

Wrote a check to myself and my wife that we would hit $600,000 at 30.

Nice w*rk!

When I was 22 I said a goal that I would be making $100,000 a year and have a $500,000 net worth. Fast forward 10 years, and we paid off $150,000 in student loans, I made $300k+ in 2023, and have $1.3M in the portfolio, and no debt. In my mind, I still just have 1 million since inflation is so bad lol

I’ve got a feeling the next 10 years will not be as kind, but so thankful for the solid start. I think we reached 1 million for the first time in our portfolio around age 30 as well. Fairly recently.

It has really been quite the run since the 07/08 recession. Thats when we got started with indexing. Pretty much started with only what we began with years prior. I too am curious what the next several years will bring. Got a feeling it is going to be quite the grind.

These are great accomplishments to share. Maybe it will motivate someone else who is newer to investing.

[retire2022]

I started investing at 1987 (27) hit 1 million at 2013 (53) then 2 million 2020 (60) 7 years later.

I am currently at 2.23 million due to market pullback primary home and vacation home put me in 3 million net worth.

[PhoebeCoco]

I am a single person with no children.

Not counting my real estate and my pension ... my investments hit $1 million when I was 54.

I spent my 20s idling away in various graduate programs and didn't really start working until I was 30, so I think I did great!

[Nicolas]

I don’t know. I wasn’t paying attention.

[Beensabu]

$1 million in equities before 40. Avoid unnecessary spending and invest the rest in index funds!

But also have a 200k+ joint income and enjoyed that beautifully long bull market with a home bias tilt. You forgot that part.

[Svensk Anga]

1M NW or 1M stock portfolio ?

Investment portfolio, not total net worth per se.

On those terms, and in 2023 devalued dollars, it was age 46. But that was a while ago, pre-2008 and a lot of it did evaporate later.

The second million came a LOT faster. The third took nine whole quarters!

[Ron Ronnerson]

At age 44, in 2019. Current age is 48 and net worth is now $1.6m. I’m a public school teacher and my wife (also 48 years old) is a stay-at-home parent. Pension and social security should fully cover our retirement expenses.

[anon_investor]

$1 million in equities before 40. Avoid unnecessary spending and invest the rest in index funds!

But also have a 200k+ joint income and enjoyed that beautifully long bull market with a home bias tilt. You forgot that part.

Thanks for reminding me, invest in yourself. Lots of student loans and hard work led to a high paying career. Starting during the GFC was no fun. Single earner btw.

[KoolAid]

1 Mill = 35
2 Mill = 37

6 Mill = ? Time to retire!

All stocks (aggressive portfolio) and no real estate.

[Xrayman69]

[url]viewtopic.php?t=120071&start=50/url]

I found this pole from 2003. Interested in restarting the thread, or posing the same question.

I am 46, wife at 43. We are at this milestone and just curious where we are compared to our peers.

1M net worth or 1M in some other form of accounting ?

[blimp]

$1 mil net worth at age 38

I did not achieve a net worth of $0 until around age 31

-Blimp

[anon_investor]

$1 mil net worth at age 38

I did not achieve a net worth of $0 until around age 31

-Blimp

Student loans?

[Cheez-It Guy]

Wrote a check to myself and my wife that we would hit $600,000 at 30.

I don't understand. You wrote a check?

Haha, yes. To motivate myself for a goal I put in writing.

It worked!

I'm glad it worked, but I'm still very confused on the mechanics. How much was the check written for, and what did you do with it?

I think you might be overthinking it?

I took an actual check and wrote it out to myself and my wife for $600,000 and stashed it (For Fun).

Something to keep us motivated, we wrote 30th birthdays in the memo line.

It wasn't a situation were we went and cashed an actual check.

At 30 we had reached a networth of more then a million.

Thanks. You might say overthinking, but I'd just say thinking. It's important for things to make sense to me, so if I'm interested in or intrigued by something I tend to ask questions until it does. It's my nature. And now it does!

[FrugalConservative]

Difficult to gauge the value of this thread.

Married couple pulling in 250k with zero kids worth 1million at age 40 ....

compared to a family of 5 with a net worth of one million at 40 pulling in 125 a year.

The first is great, but not impressive in my eyes when compared to a family raising children with the same net worth.

The optics are important.

[Silverado]

$1 million in equities before 40. Avoid unnecessary spending and invest the rest in index funds!

That’s good stuff!

I took a bit longer, Army time and grad school took some years. Maxed IRA and started taxable while in Army, but not until after was I serious. Was probably 45 or so, but now, 12 years later, making up for lost time.

[invest4]

Yes. $1 Million doesn't seem like much of a milestone.

Only ~10% of Americans have a net worth of 1M or more. Took me almost 20 years to manage it for myself (41). A big milestone for me, but perhaps easier for others.

[126inc]

1M 29 via IPO
10M 38 via lots of stock appreciation and IPO #2

home values not included

[bogleblitz]

37 for networth
44 for 1 million in equities.

[lostdog]

Yes. $1 Million doesn't seem like much of a milestone.

Only ~10% of Americans have a net worth of 1M or more. Took me almost 20 years to manage it for myself (41). A big milestone for me, but perhaps easier for others.

Median net worth for a 65 year old in the U.S. is around $168,000 which includes home equity.

Anyone who says $1 million is not much is out of touch.

[RyeBourbon]

When I was 33, I was newly divorced with a negative net worth and a big alimony payment. Fortunately, I had a good career. I remarried, we were frugal and saved as much as possible, put 3 kids through college, and 25 years later looked up at had a net worth approaching $2m in 2021. The last year has put a dent in it, but we are setting ourselves up to retire soon. So I don't know when we got to $1m, but I guess it was around 54 or 55.