How long to turn 1 million to 2 millions for you?

GG1273 · Post by **GG1273** » Wed Apr 07, 2021 3:51 pm

3.6 years
75 / 25 but not much of an international exposure in our portfolio

The first million was 16 years in the making...

Candor · Post by **Candor** » Wed Apr 07, 2021 3:51 pm

Wonder if the op has made their 2m yet. I'm too lazy to do the math.

stoptothink · Post by **stoptothink** » Wed Apr 07, 2021 3:52 pm

David Jay wrote: ↑Wed Apr 07, 2021 3:45 pm Zombie thread - no posts for 5 years until this afternoon...

If I remember correctly, depending on the value of TSLA for the day, the OP has gone from $1M to $10M+ since 2016. We hit $1M around September and we're at $1.3M+ now (with moderate income for this board, ~$230k/yr).

jason2459 · Post by **jason2459** » Wed Apr 07, 2021 4:04 pm

Abe wrote: ↑Thu Aug 04, 2016 11:34 am If you start with 1 million and invest $3,500 per month, you will have 2 million in:
105 months @ 5%
93 months @ 6%
84 months @ 7%
65 months @ 10%
47 months @ 15%
I wouldn't count on the last two.

Interesting to see where we are as of March 2021, less then 5 years later, starting with $1m in Aug 2016 and investing $3,500/month.

VTI @ $2,338,027 19.96% CAGR
VT @ $2,076,516 16.95% CAGR
VBIAX @ $1,901,353 14.76% CAGR

VASGX @ $1,939,952. 15.26% CAGR
VSMGX @ $1,782,037 13.18% CAGR
VSCGX @ $1,631,730 11.06%
VASIX @ $1,486,243. 8.86% CAGR

Thesaints · Post by **Thesaints** » Wed Apr 07, 2021 4:24 pm

Anyone going from one million to two fast enough is probably taking on more risk than they imagine.

alfaspider · Post by **alfaspider** » Wed Apr 07, 2021 4:31 pm

Thesaints wrote: ↑Wed Apr 07, 2021 4:24 pm Anyone going from one million to two fast enough is probably taking on more risk than they imagine.

What is "fast enough"?

mrc · Post by **mrc** » Wed Apr 07, 2021 4:42 pm

Started saving in 1986
$1M July 2010
$2M Mar 2016
$3M Sep 2018
$4M April 2021

The first million is the hardest. Once you're nearing retirement (and you stayed a good Boglehead

), daily and weekly swings can dwarf your entire portfolio balance in the early years, or what you paid for your house!

Scott S · Post by **Scott S** » Wed Apr 07, 2021 4:44 pm

Candor wrote: ↑Wed Apr 07, 2021 3:51 pm Wonder if the op has made their 2m yet. I'm too lazy to do the math.

No need to do any math! PortfolioVisualizer says that someone who put $1,000,000 into Total Stock Market on Aug 1, 2016 would have just crossed the $2,000,000 mark at the end of last month:

Congratulations, OP!

BruinBones · Post by **BruinBones** » Wed Apr 07, 2021 4:47 pm

I did! Reached 1 million in investment assets in late 2016. AA was 70:30, mostly index funds. Contributed maximum to 403b and 457b, a little extra to taxable investments. Reached 2 million in early 2021.

Onlineid3089 · Post by **Onlineid3089** » Wed Apr 07, 2021 4:53 pm

mrc wrote: ↑Wed Apr 07, 2021 4:42 pm Started saving in 1986
$1M July 2010
$2M Mar 2016
$3M Sep 2018
$4M April 2021

The first million is the hardest. Once you're nearing retirement (and you stayed a good Boglehead ), daily and weekly swings can dwarf your entire portfolio balance in the early years, or what you paid for your house!

Agreed on the increase in savings. I'm coming up on nine years into my career and our auto-pilot savings for this year are roughly equal to my entire annual salary before a couple bigger increases in 2019 and 2020.

Candor · Post by **Candor** » Wed Apr 07, 2021 4:54 pm

Scott S wrote: ↑Wed Apr 07, 2021 4:44 pm
Candor wrote: ↑Wed Apr 07, 2021 3:51 pm Wonder if the op has made their 2m yet. I'm too lazy to do the math.
No need to do any math! PortfolioVisualizer says that someone who put $1,000,000 into Total Stock Market on Aug 1, 2016 would have just crossed the $2,000,000 mark at the end of last month:

Congratulations, OP!

His AA listed in the op is "1. My AA: 40% US, 30% Int'l, 30% Bonds 2. All in low cost index funds." So it doesn't look like they made it there yet with this AA but according to 'Stoptothink' above they are now at 10m due to an investment in Tesla. So I would say congrats are still in order!

Nathan Drake · Post by **Nathan Drake** » Wed Apr 07, 2021 5:03 pm

So I guess the lesson learned in this thread is to YOLO on meme stocks instead of investing in boring index funds like a boglehead

Scott S · Post by **Scott S** » Wed Apr 07, 2021 5:04 pm

Candor wrote: ↑Wed Apr 07, 2021 4:54 pmHis AA listed in the op is "1. My AA: 40% US, 30% Int'l, 30% Bonds 2. All in low cost index funds." So it doesn't look like they made it there yet with this AA but according to 'Stoptothink' above they are now at 10m due to an investment in Tesla. So I would say congrats are still in order!

Whoops, I skimmed over that! The 40/30/30 portfolio would be at about $1.6 million now, which wouldn't be horrible, but:

Hawaiishrimp wrote: ↑Wed Feb 03, 2021 4:15 amUpdate: As of Feb 1, 2021

2021: $18.6M (as of Feb 1)

Candor · Post by **Candor** » Wed Apr 07, 2021 5:08 pm

Scott S wrote: ↑Wed Apr 07, 2021 5:04 pm
Candor wrote: ↑Wed Apr 07, 2021 4:54 pmHis AA listed in the op is "1. My AA: 40% US, 30% Int'l, 30% Bonds 2. All in low cost index funds." So it doesn't look like they made it there yet with this AA but according to 'Stoptothink' above they are now at 10m due to an investment in Tesla. So I would say congrats are still in order!
Whoops, I skimmed over that! The 40/30/30 portfolio would be at about $1.6 million now, which wouldn't be horrible, but:

Hawaiishrimp wrote: ↑Wed Feb 03, 2021 4:15 amUpdate: As of Feb 1, 2021

2021: $18.6M (as of Feb 1)

Yikes. Makes 2m seem almost pedestrian.

MathWizard · Post by **MathWizard** » Wed Apr 07, 2021 5:08 pm

7 years from 1/2 million to 2 million in the retirement accounts.

After 1/2 million, my wife and I had several accounts, so it's
harder to know when we hit $1 million.

Lots of contributions and very good market returns.
I was 100% stocks until 4 years ago, at which time I was probably about 1 million,
my kids were finished with college, and the house was paid off.

In my main account where I consistently contributed 15% of salary, I went from
$190K in Jan, 2009 (after a loss of about half my portfolio) to over $1 million
by Jan 1, 2021. So a bit over 5x in 12 years.

watchnerd · Post by **watchnerd** » Wed Apr 07, 2021 5:19 pm

Thesaints wrote: ↑Wed Apr 07, 2021 4:24 pm Anyone going from one million to two fast enough is probably taking on more risk than they imagine.

Fast enough?

Also, when you're contributing six figures every year, it doesn't take anything extraordinary.

MotoTrojan · Post by **MotoTrojan** » Wed Apr 07, 2021 5:31 pm

Candor wrote: ↑Wed Apr 07, 2021 5:08 pm
Scott S wrote: ↑Wed Apr 07, 2021 5:04 pm
Candor wrote: ↑Wed Apr 07, 2021 4:54 pmHis AA listed in the op is "1. My AA: 40% US, 30% Int'l, 30% Bonds 2. All in low cost index funds." So it doesn't look like they made it there yet with this AA but according to 'Stoptothink' above they are now at 10m due to an investment in Tesla. So I would say congrats are still in order!
Whoops, I skimmed over that! The 40/30/30 portfolio would be at about $1.6 million now, which wouldn't be horrible, but:

Hawaiishrimp wrote: ↑Wed Feb 03, 2021 4:15 amUpdate: As of Feb 1, 2021

2021: $18.6M (as of Feb 1)

Yikes. Makes 2m seem almost pedestrian.

Agreed, I got jealous as well, then I read this and realized the OP will probably be on their way to $2M again soon.

Hawaiishrimp wrote: ↑Fri Feb 05, 2021 6:21 pm
investingdad wrote: ↑Fri Feb 05, 2021 8:15 am
Hawaiishrimp wrote: ↑Thu Feb 04, 2021 12:43 pm
investingdad wrote: ↑Thu Feb 04, 2021 7:39 am That must have been a sizable TSLA holding relative to the rest of your investments if a ten fold increase in the stock had a similar effect on your NW.
That’s correct.
So my question is... are you staying in the Tesla or taking the money off the table given the very high concentration?

We are in a similar, but order of magnitude smaller, situation with my wife's vested stock. We never expected it to grow as much as it has, but divesting and paying the tax isn't appealing. Her company trades at a normal PE with high cash flow from operations, so stable...but still, it's a lot in one company.

I'm interested to hear how you are addressing the situation you're in.
The majority of my Tesla stocks are in 401k (with the option to buy my own stocks of choice) and ROTH, so no tax when we sell. I invest in Tesla with a 10+ years horizon, so they near term gains do not de-route us from continuing to invest in the company. I like Elon's vision, mission, and execution. I can't think of a better company to put my money in, so I stay the course. Cheers!

abuss368 · Post by **abuss368** » Wed Apr 07, 2021 5:33 pm

I don’t think you can determine that as the variables can have wide ranges and potential impact.

I would guess the rate of savings and projected investment returns.

Tony

Marseille07 · Post by **Marseille07** » Wed Apr 07, 2021 5:35 pm

MotoTrojan wrote: ↑Wed Apr 07, 2021 5:31 pm Agreed, I got jealous as well, then I read this and realized the OP will probably be on their way to $2M again soon.

I really doubt it. Even if Tesla comes crashing down, it's not like the OP has to sit & stay in. Pretty sure they'd pull the plug way before 2M.

MotoTrojan · Post by **MotoTrojan** » Wed Apr 07, 2021 5:46 pm

Marseille07 wrote: ↑Wed Apr 07, 2021 5:35 pm
MotoTrojan wrote: ↑Wed Apr 07, 2021 5:31 pm Agreed, I got jealous as well, then I read this and realized the OP will probably be on their way to $2M again soon.
I really doubt it. Even if Tesla comes crashing down, it's not like the OP has to sit & stay in. Pretty sure they'd pull the plug way before 2M.

They claim they are holding for a 10+ year horizon and TSLA regularly has 30%+ drawdowns (during a historic bull) so they better be prepared to hold on for the ride, or just decide that they'll get entirely out at a certain point (say 50%) or emotions will make it quite hard to not ride it all the way to the ground floor.

Thesaints · Post by **Thesaints** » Wed Apr 07, 2021 6:19 pm

alfaspider wrote: ↑Wed Apr 07, 2021 4:31 pm
Thesaints wrote: ↑Wed Apr 07, 2021 4:24 pm Anyone going from one million to two fast enough is probably taking on more risk than they imagine.
What is "fast enough"?

Define a risk threshold. You can find a time span short enough in which if your assets had doubled you would have been exposed to a risk above that threshold.
I'm neglecting new contributions, of course.

supalong52 · Post by **supalong52** » Wed Apr 07, 2021 6:40 pm

0 to 1 million -- 11 years;
1 to 2 million -- 3 years;
2 to 3 million -- 3 years and 5 months; and
3 to 4 million -- 1 year and 2 months

ray.james · Post by **ray.james** » Wed Apr 07, 2021 6:50 pm

If anyone wondered about OP, he is at 18M.
viewtopic.php?p=5785921#p5785921

He reached 2 million 1 year later.

jcricket73 · Post by **jcricket73** » Wed Apr 07, 2021 6:54 pm

supalong52 wrote: ↑Wed Apr 07, 2021 6:40 pm 0 to 1 million -- 11 years;
1 to 2 million -- 3 years;
2 to 3 million -- 3 years and 5 months; and
3 to 4 million -- 1 year and 2 months

I've noticed same thing on my side. First $1M took almost 15 years with 2 full on bear marks and several blah years both in terms of income and market.

Second $1M took only 8 years. But if I don't mess up, should be at 3M in 3 years without giant market gains, because I can contribute more than my entire portfolio size for the first 5+ years. If market keeps growing at this torrid rate there's a chance I go from $2->4 in 3 years between contributions and growth.

Also of course, going from $1-$2 requires 100% market growth, where 3-4 only requires like 30% market growth - assuming 100% equities.

geerhardusvos · Post by **geerhardusvos** » Wed Apr 07, 2021 7:47 pm

Only hit $1 million in the last few months, it’s still fresh, but I’m already a quarter of the way to the next million. High savings rate and ridiculous returns the last year did it. Hope to be to $2 million in the next 2 to 5 years.

stormcrow · Post by **stormcrow** » Thu Apr 08, 2021 8:11 am

MotoTrojan wrote: ↑Wed Apr 07, 2021 5:31 pm
Hawaiishrimp wrote: ↑Fri Feb 05, 2021 6:21 pm

The majority of my Tesla stocks are in 401k (with the option to buy my own stocks of choice) and ROTH, so no tax when we sell. I invest in Tesla with a 10+ years horizon, so they near term gains do not de-route us from continuing to invest in the company. I like Elon's vision, mission, and execution. I can't think of a better company to put my money in, so I stay the course. Cheers!

Comments like these help me understand Tesla's 1100+ P/E ratio. This isn't a stock, it's a philosophy masquerading as an investment.

Firemenot · Post by **Firemenot** » Thu Apr 08, 2021 10:14 am

stormcrow wrote: ↑Thu Apr 08, 2021 8:11 am
MotoTrojan wrote: ↑Wed Apr 07, 2021 5:31 pm
Hawaiishrimp wrote: ↑Fri Feb 05, 2021 6:21 pm

The majority of my Tesla stocks are in 401k (with the option to buy my own stocks of choice) and ROTH, so no tax when we sell. I invest in Tesla with a 10+ years horizon, so they near term gains do not de-route us from continuing to invest in the company. I like Elon's vision, mission, and execution. I can't think of a better company to put my money in, so I stay the course. Cheers!

Comments like these help me understand Tesla's 1100+ P/E ratio. This isn't a stock, it's a philosophy masquerading as an investment.

Reading the underlying comment made me wonder what would happen to Tesla if, for forbid, Elon Musk had a major health issue and couldn’t do the job anymore. It seems like the sentiment for Tesla largely hinges on him as a visionary. My guess is the stock would tank.

As for me on the initial question, wish I had tracked better. I think it probably took 4 years for me.

TierArtz · Post by **TierArtz** » Thu Apr 08, 2021 10:41 am

Not counting home equity, it took 26 years to get to 1 million (2012), and 4 more to get to 2 million (2016); subsequent milestones came more rapidly.

Steadfast · Post by **Steadfast** » Thu Apr 08, 2021 10:44 am

4 years and ~2 months: 9/15/2016 to 11/18/2020.

Marseille07 · Post by **Marseille07** » Thu Apr 08, 2021 10:48 am

Checked now. About 3 years, slightly shorter.

JoMoney · Post by **JoMoney** » Thu Apr 08, 2021 10:48 am

An amount invested in a broad U.S. stock market fund when this thread started (Aug-2016) would now have doubled in value (with no additional contributions.)

PV Link

$1,000,000 invested in VTI Aug-2016 to Mar-2021 = $2,026,085

In 2016 I could get 2 McDonald's double cheeseburgers for $2. ($1 each)... how much is a double cheeseburger today?

This suggests $1.69 (I think it's more than that where I live)

Portfolio7 · Post by **Portfolio7** » Thu Apr 08, 2021 12:30 pm

Just retirement accounts: We hit $1M in mid 2017 (call that 21 years). A little less than 4 years later we are at $1.5M. We seem to double our accounts every 7-8 years, with a modest savings rate, especially by most BH standards (about 11% including employer contributions). Roughly 77/23 AA.

NW hit $1M in 2014 and passed $2M in 2020, so 6 years... we've been doubling NW every 6 years really consistently. That number includes real estate and a small business, and diversification is strongly evident in our results.

If we double NW again over the next 6 years, I will definitely retire. Our goal is $3.5M

I'm hopeful Jamie Dimon is right about business expansion through the end of 2023, and the coming growth he expects is reflected in stock market returns - but in the end we take what the market gives us.

(Edit) Dayumm. I just read the comments above about OP being at $18.6M. I don't think I want the kind of risk it takes to accomplish that. Anyways, Congrats to him!

tennisplyr · Post by **tennisplyr** » Thu Apr 08, 2021 12:54 pm

Still working on my first million

LilyFleur · Post by **LilyFleur** » Thu Apr 08, 2021 1:06 pm

After retiring early, I hit $1 million. Then up to $1.5 million a few years later. I have a modest pension. I'm single and happy.

Retirement has been fluid for me. I did some traveling, helped my kids, and am back working part-time to avoid withdrawing from savings for my health-care premiums.

SeaToTheBay · Post by **SeaToTheBay** » Thu Apr 08, 2021 1:30 pm

For us it took exactly 2 years - just hit $2M portfolio on Monday. Saving a lot and investing a lot, plus ~$140k windfall from selling a rental property and a car in 2020.

NW took just over 3 years to go from $1M to $2M.

Glockenspiel · Post by **Glockenspiel** » Thu Apr 08, 2021 1:37 pm

Well, my wife and I just went from 1.0 million to 1.4 million net worth from June 2020 to today (10 months), so at this rate, we'll be at 2 million in another 15 months, for a grand total of 25 months to go from 1 million to 2 million.

RJC · Post by **RJC** » Thu Apr 08, 2021 1:37 pm

About 2-3 years. It took saving about 45% of our income, 100% equities, and some RSU/bonuses to get there.

dsasdg · Post by **dsasdg** » Sun Apr 11, 2021 12:56 pm

One day if hyperinflation

Scott S · Post by **Scott S** » Sun Apr 11, 2021 1:53 pm

Firemenot wrote: ↑Thu Apr 08, 2021 10:14 amReading the underlying comment made me wonder what would happen to Tesla if, for forbid, Elon Musk had a major health issue and couldn’t do the job anymore. It seems like the sentiment for Tesla largely hinges on him as a visionary. My guess is the stock would tank.

If Tesla has its own Tim Cook waiting in the wings, maybe it wouldn't be so bad...