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.
mikejuss
Posts: 2833
Joined: Tue Jun 23, 2020 1:36 pm

Re: Share your net worth progression

Post by mikejuss »

investingdad wrote: Sat Jul 03, 2021 10:10 am
mikejuss wrote: Sat Jul 03, 2021 9:32 am
investingdad wrote: Sat Jul 03, 2021 7:27 am I’ve replied to this thread a few times over the years.

Today we hit a major milestone.

Age 47 (for a few more weeks anyway), $4.25 million but of that, the actual cash plus portfolio = $4 million. Finally crossed that threshold without the home equity included.

This is 29.5x times current expenses.

For reference, at age 39 our total had just hit $1 million.
A $3-million increase in 8 years? Well done. What did your contributions (or any windfalls) look like?
No windfalls or inheritance of any kind.

We added perhaps a 100k or so per year in new money…401k, company match, after tax savings, company stock awards, etc. Some years it was probably a bit more.

We have good income, base pay has been at least 200k for the duration, climbing more in recent years.

The company stock has appreciated more than the S&P, but not Tesla style by any means.
The power of compounding is truly incredible. Congrats!
50% VTSAX | 25% VTIAX | 25% VBTLX (retirement), 25% VTEAX (taxable)
investingdad
Posts: 2139
Joined: Fri Mar 15, 2013 10:41 pm

Re: Share your net worth progression

Post by investingdad »

mikejuss wrote: Sat Jul 03, 2021 10:16 am
investingdad wrote: Sat Jul 03, 2021 10:10 am
mikejuss wrote: Sat Jul 03, 2021 9:32 am
investingdad wrote: Sat Jul 03, 2021 7:27 am I’ve replied to this thread a few times over the years.

Today we hit a major milestone.

Age 47 (for a few more weeks anyway), $4.25 million but of that, the actual cash plus portfolio = $4 million. Finally crossed that threshold without the home equity included.

This is 29.5x times current expenses.

For reference, at age 39 our total had just hit $1 million.
A $3-million increase in 8 years? Well done. What did your contributions (or any windfalls) look like?
No windfalls or inheritance of any kind.

We added perhaps a 100k or so per year in new money…401k, company match, after tax savings, company stock awards, etc. Some years it was probably a bit more.

We have good income, base pay has been at least 200k for the duration, climbing more in recent years.

The company stock has appreciated more than the S&P, but not Tesla style by any means.
The power of compounding is truly incredible. Congrats!
I had to go take a look…

A big boost is from employer stock appreciation, it’s gone up on average 23% a year over the last decade. My wife simply held all her RSUs. So, some luck there.
mikejuss
Posts: 2833
Joined: Tue Jun 23, 2020 1:36 pm

Re: Share your net worth progression

Post by mikejuss »

investingdad wrote: Sat Jul 03, 2021 10:37 am
mikejuss wrote: Sat Jul 03, 2021 10:16 am
investingdad wrote: Sat Jul 03, 2021 10:10 am
mikejuss wrote: Sat Jul 03, 2021 9:32 am
investingdad wrote: Sat Jul 03, 2021 7:27 am I’ve replied to this thread a few times over the years.

Today we hit a major milestone.

Age 47 (for a few more weeks anyway), $4.25 million but of that, the actual cash plus portfolio = $4 million. Finally crossed that threshold without the home equity included.

This is 29.5x times current expenses.

For reference, at age 39 our total had just hit $1 million.
A $3-million increase in 8 years? Well done. What did your contributions (or any windfalls) look like?
No windfalls or inheritance of any kind.

We added perhaps a 100k or so per year in new money…401k, company match, after tax savings, company stock awards, etc. Some years it was probably a bit more.

We have good income, base pay has been at least 200k for the duration, climbing more in recent years.

The company stock has appreciated more than the S&P, but not Tesla style by any means.
The power of compounding is truly incredible. Congrats!
I had to go take a look…

A big boost is from employer stock appreciation, it’s gone up on average 23% a year over the last decade. My wife simply held all her RSUs. So, some luck there.
Interesting--I think that the general take around here (which I believe in) is to sell all RSUs at the moment they vest; holding individual stocks is discouraged. You're lucky that they skyrocketed. :beer
50% VTSAX | 25% VTIAX | 25% VBTLX (retirement), 25% VTEAX (taxable)
broncocountry25
Posts: 352
Joined: Thu May 18, 2017 11:49 am

Re: Share your net worth progression

Post by broncocountry25 »

2017 - $359,510
2018 - $468,630
2019 - $647,038
2020 - $878,565
2021 YTD - $1,101,054

Happy 4th of July!
travellight
Posts: 2892
Joined: Tue Aug 12, 2008 5:52 pm
Location: San Diego

Re: Share your net worth progression

Post by travellight »

Using this new metric, I am at 107x spending (doesn't include my pension which I estimate at 3-4 million). Still working full time. Like many others, I made huge gains in the past year, especially in real estate.
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travellight
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Location: San Diego

Re: Share your net worth progression

Post by travellight »

Using this new metric, I am at 107x spending (doesn't include my pension which I estimate at 3-4 million). Still working full time. Like many others, I made huge gains in the past year, especially in real estate.
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M_to_the_G
Posts: 549
Joined: Mon Jan 21, 2013 8:57 am

Re: Share your net worth progression

Post by M_to_the_G »

M_to_the_G wrote: Thu Jun 13, 2019 5:12 am Update time!
M_to_the_G wrote: Sun May 17, 2015 12:03 am Interesting thread. I’ll combine some of the posting methods I’ve liked here; I think it’s worthwhile to discuss one’s background and mindset at different stages of life, and one’s epiphanies and milestones.

1979 - 1999 (age 0 - 19): Net worth: $0

1999 - 2005 (age 19 - 25): Net worth: -$15,000
Was poor throughout college and grad school, but always had pocket money from work (had a weekend job and a work-study job), and also had quite a bit of drive and ambition to improve my lot in life. Luckily, the credit union affiliated with my university capped my credit card limit at $1k, or I would have probably availed myself of “free” credit. Had about $15k in student loans to deal with, which I only realized later wasn’t that much. I was blessed with scholarships and grants: undergrad was mostly paid for by scholarships, and grad school was paid for by a scholarship.

2005 - 2007 (age 25 - 27): Net worth: -$15,000
Got first “real” job after grad school at the age of 25, but didn’t make that much.

2007 - 2009 (age 27 - 29): Net worth: -$15,000 --> $30,000
Got first job with good salary at the age of 27, but didn’t know anything about investing at that time. I bought a new car, didn’t make 401(k) contributions, only made minimum payments on my loans, etc. However, I never experienced “lifestyle creep” and was always frugal and averse to luxury and status. Even my new car purchase was fairly frugal (a new Suzuki sedan I bought for $13k) -- although inadvisable in retrospect. I began accumulating cash, but still had student loans, no plan, no idea about finances, etc.

2009 - 2013 (age 29 - 33): Net worth: $30,000 --> $200,000
Got seriously interested in finances around the time I joined the Foreign Service at the age of 29. I started (and maxed out) a Roth IRA and my TSP and put them into Target Date funds due to a lack of knowledge of finance, and I did not have a taxable account. My lifestyle and living standard still did not go up, so I continued to accumulate more cash. I paid off all my student loans during this period. However, I still didn’t have a plan and was seriously considering going to a financial advisor. I began to read and research over the next few years.

2013 - 2015 (age 33 - 35): Net worth: $200,000 --> $360,000
As the old adage goes, “When the student is ready, the master will appear.” I found Bogleheads at the age of 33, moved all my accumulated cash to funds in a taxable account at Vanguard, and began to consider all my resources as one portfolio. Moved out of Target Date funds and developed an AA plan. Read voraciously (Common Sense on Mutual Funds, The Elements of Investing, etc., etc.). You can read my thread on my net worth progression since 2013 here: viewtopic.php?f=1&t=119662

2015 - 2019 (age 35 - 39): Net worth: $360,000 --> $770,000

I’m 35 39 now, still maxing out TSP and Roth IRA, and socking away several tens of thousands each year into taxable. On track to early?? retire at 50 ??, hopefully as a millionaire.
M_to_the_G wrote: Sat Aug 11, 2018 9:04 am
LadyGeek wrote: Sat Jan 06, 2018 10:45 am Consider that very, very few members of the total population are posting in this thread.
I'm in the camp that finds this thread inspiring. I admire those who've done better than me, and I aspire to be more like them. Threads like this encourage me to set new goals and up the ante on my savings. I now have a goal of being a bona fide PAW by this time next year, which means a net worth of $740,000. I'm at about $650,000 now. I can do it, I think... if there's no major correction!

I'm NOT in the camp that gets discouraged by this thread or who resents those who've done better than me. I suspect most of the "total population" would fall in the latter category and thus would avoid a thread like this like the plague.
Well, that goal has been reached. My current PAW amount is $764,400. I just checked my accounts, and I am at $767,690. Achievement "PAW" unlocked! :sharebeer :moneybag
2019 - 2021 (age 39 - 41): Net worth: $770,000 --> $975,000

I took almost 1 ½ years off in 2019 and just started working again. I am now 41 years old. I am still single with no kids. I still have zero debt. I am still a fed. My current AA is 64/36 (from the previous 85/15). Income now is 120k. I almost FIRE’d last year, but that’s another story. I took a long time off of work, so I didn’t contribute to the investment accounts in the past year. My investments have grown (of course), and I have purchased a home (cash purchase). My 909k portfolio plus the value of my modest home means my current net worth is close to a million. I’ll be a net worth millionaire very shortly (assuming the market behaves, of course). Of course, being a millionaire doesn’t mean much in 2021, as opposed to when the term came into vogue, but it still feels neat. I’ll probably be a financial assets millionaire by the end of the year. I won’t be an investible assets millionaire for quite a while, as half of my wealth is tied up in my TSP, but that will come eventually, too. And I’m sure I’ll post about it if this thread still exists. Life is good! :sharebeer :moneybag
HoleInTheAir
Posts: 99
Joined: Sun Aug 28, 2016 8:47 am

Re: Share your net worth progression

Post by HoleInTheAir »

Year, Ages (Him/Her), Net Worth, Household Income:

July 2016, 24/25, $100K, $94K
July 2017, 25/26, $132K, $97K
July 2018, 26/27, $210K, $103K
July 2019, 27/28, $260K, $115K - purchased home this year
July 2020, 28/29, $370K, $140K - moved from 30 year loan to 15 year loan on home
July 2021, 29/30, $600K, $160K - big jump from investments; held steady to 100% equity through drawdown, and continued pouring all we could
SouthRim
Posts: 3
Joined: Thu Jan 03, 2019 6:21 pm

Re: Share your net worth progression

Post by SouthRim »

We graduated law school in 2014, and started tracking our joint net worth in 2016 when DW and I got hitched. I'm 33, DW is 34. I'm an in-house attorney now (private equity firm) and DW works for a large, national law firm. Our gross income for this year will come out to $1,028,000 (we've had significant salary increases in the last two years). Our investments consist of retirement accounts and tax-advantaged accounts, real estate LP investments marked at cost, private equity / venture capital LP investments marked at cost (I am required to contribute capital to the funds managed by my employer and also receive carried interest) and our home. The real estate LP investments and private equity / venture LP investments have a relatively high likelihood of delivering good to outsized returns, but given their illiquid nature I do not apply a multiplier to those investments on our personal balance sheet. We have a mortgage balance of approx. $500K, two car loans and no other debt. We maintain a high cash balance due to potential capital calls that we have to fund (currently have about $250K sitting in cash). The net worth figures below are net of debt (but I do not include the value of the vehicles on our personal balance sheet).

6/30/16 -- (5,340.96)
6/30/17 -- $161,006
6/30/18 -- $265,538
6/30/19 -- $606,980 [Paid off all student loan debt 1/1/19]
6/30/20 -- $915,939
6/30/21 -- $1,459,073

We've worked incredibly hard at our jobs since 2014, and are proud of what we've been able to accomplish and are very inspired by everyone's posts. Our goal is to hit $5MM in assets in our retirement and taxable accounts by the time we're 40/41 respectively, primarily through continued aggressive savings, at which point I think we will both strongly consider whether we want to consider the grind of our respective jobs.
DiceGames
Posts: 42
Joined: Mon Jul 26, 2021 5:17 pm

Re: Share your net worth progression

Post by DiceGames »

YEAR, AGE - Net Worth (Salary, Savings Rate)

2011, 23 - $13k ($64k salary, 20% savings rate)
2012, 24 - $27k ($97k, 11%)
2013, 25 - $37k ($97k, 6%)
2014, 26 - $52k ($102k, 8%)
2015, 27 - $84k ($108k, 24%)
2016, 28 - $112k ($121k, 28%)
2017, 29 - $191k ($171k, 47%)
2018, 30 - $268k ($229k, 40%)
2019, 31 - $342k ($148k, 34%)
2020, 32 - $518k ($190k, 45%)
2021 YTD, 33 - $630k ($200k, 40%)

Obviously the last few years have been wild. If the market behaves YTG, should double net worth in 2 years.

$385k retirement is 100% VOO.
$245k taxable is 90% VOO, 8% AMZN, 2% VGT.

Renter and dreading cashing out the taxable for a down payment someday.

Goal used to be $1M by 40. Now I suppose $1.5M or $2M.
Last edited by DiceGames on Mon Jul 26, 2021 5:59 pm, edited 1 time in total.
mushripu
Posts: 170
Joined: Fri Jan 26, 2018 7:26 am

Re: Share your net worth progression

Post by mushripu »

Updated for milestone age 45 late starter

Dec 14 20k
Dec 15 32k
Dec 16 60k
Dec 17 90k+transfer 56k frm ovrseas
Dec 18 202k
Dec 19 258k + bought first house 50k
Aug 20 332k
Dec 20 382k
Mar 21 420k
Jul 21 500k
watchman1675
Posts: 47
Joined: Mon Mar 05, 2018 10:01 am

Re: Share your net worth progression

Post by watchman1675 »

Current net worth of $2.1 million not including home of about $350k. $250k of that is from my wife's 401k. I retired two years ago at 53 with no pension just working the the two bucket strategy. Wife says she's not ready.

I worked IT the past 24 years though I never was the highest earner in my field. My last years salary was about $70k.

I laughed at a article I recently read that the new polled net worth to be considered wealthy in the US is about $1.94 million. That gave me a bit of a chuckle because I certainly don't feel wealthy.
lgb
Posts: 288
Joined: Fri Mar 01, 2019 8:46 am

Re: Share your net worth progression

Post by lgb »

watchman1675 wrote: Thu Jul 29, 2021 11:20 pm Current net worth of $2.1 million not including home of about $350k. $250k of that is from my wife's 401k. I retired two years ago at 53 with no pension just working the the two bucket strategy. Wife says she's not ready.

I worked IT the past 24 years though I never was the highest earner in my field. My last years salary was about $70k.

I laughed at a article I recently read that the new polled net worth to be considered wealthy in the US is about $1.94 million. That gave me a bit of a chuckle because I certainly don't feel wealthy.
send me the article link please!, would like to show spouse since Personal Capital Net Worth calculation with all our current figures has us right at that number, but we are mid 40's. Maybe she will believe we are doing allright if she reads it in an article from some kid babbling on about things they haven't experienced yet themselves. I hope their right, but still trying to figure out if they are right or not. :happy I don't feel wealthy, but I feel like I could potentially do whatever the hell I want...like if I lose my job or business, it isn't total chaos, have to move to a new area with better regular job prospects working for someone else, starting a new career entirely etc... Could do all those of course, but don't feel the anxiety/panic others might feel.
mjs111
Posts: 12
Joined: Sun Jan 13, 2019 12:16 pm

Re: Share your net worth progression

Post by mjs111 »

lgb wrote: Thu Jul 29, 2021 11:55 pm
send me the article link please!
https://www.aboutschwab.com/modern-wealth-survey-2021
watchman1675
Posts: 47
Joined: Mon Mar 05, 2018 10:01 am

Re: Share your net worth progression

Post by watchman1675 »

lgb wrote: Thu Jul 29, 2021 11:55 pm
watchman1675 wrote: Thu Jul 29, 2021 11:20 pm Current net worth of $2.1 million not including home of about $350k. $250k of that is from my wife's 401k. I retired two years ago at 53 with no pension just working the the two bucket strategy. Wife says she's not ready.

I worked IT the past 24 years though I never was the highest earner in my field. My last years salary was about $70k.

I laughed at a article I recently read that the new polled net worth to be considered wealthy in the US is about $1.94 million. That gave me a bit of a chuckle because I certainly don't feel wealthy.
send me the article link please!, would like to show spouse since Personal Capital Net Worth calculation with all our current figures has us right at that number, but we are mid 40's. Maybe she will believe we are doing allright if she reads it in an article from some kid babbling on about things they haven't experienced yet themselves. I hope their right, but still trying to figure out if they are right or not. :happy I don't feel wealthy, but I feel like I could potentially do whatever the hell I want...like if I lose my job or business, it isn't total chaos, have to move to a new area with better regular job prospects working for someone else, starting a new career entirely etc... Could do all those of course, but don't feel the anxiety/panic others might feel.
Here's another. https://www.cnbc.com/2021/05/12/net-wor ... -2021.html

They are all just reaggregating the original article source. The interesting part is the numbers are down from last years perceived wealth target number. Either way, I'm no high roller and could live quite comfortably on $40k per year so since I retired at 53, I applied the 37x yearly expenses not including SS so strictly by the numbers, I am fine but of course only time will tell.
tj
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Joined: Wed Dec 23, 2009 11:10 pm

Re: Share your net worth progression

Post by tj »

watchman1675 wrote: Thu Jul 29, 2021 11:20 pm Current net worth of $2.1 million not including home of about $350k. $250k of that is from my wife's 401k. I retired two years ago at 53 with no pension just working the the two bucket strategy. Wife says she's not ready.

I worked IT the past 24 years though I never was the highest earner in my field. My last years salary was about $70k.

I laughed at a article I recently read that the new polled net worth to be considered wealthy in the US is about $1.94 million. That gave me a bit of a chuckle because I certainly don't feel wealthy.
How can you not feel wealthy with $2M??? What are your money concerns?
grettman
Posts: 768
Joined: Mon Sep 29, 2014 1:47 pm

Re: Share your net worth progression

Post by grettman »

tj wrote: Sat Jul 31, 2021 4:14 pm
watchman1675 wrote: Thu Jul 29, 2021 11:20 pm Current net worth of $2.1 million not including home of about $350k. $250k of that is from my wife's 401k. I retired two years ago at 53 with no pension just working the the two bucket strategy. Wife says she's not ready.

I worked IT the past 24 years though I never was the highest earner in my field. My last years salary was about $70k.

I laughed at a article I recently read that the new polled net worth to be considered wealthy in the US is about $1.94 million. That gave me a bit of a chuckle because I certainly don't feel wealthy.
How can you not feel wealthy with $2M??? What are your money concerns?
I am at 2+ m and I don’t feel that way either.
tj
Posts: 9366
Joined: Wed Dec 23, 2009 11:10 pm

Re: Share your net worth progression

Post by tj »

grettman wrote: Sat Jul 31, 2021 4:18 pm
tj wrote: Sat Jul 31, 2021 4:14 pm
watchman1675 wrote: Thu Jul 29, 2021 11:20 pm Current net worth of $2.1 million not including home of about $350k. $250k of that is from my wife's 401k. I retired two years ago at 53 with no pension just working the the two bucket strategy. Wife says she's not ready.

I worked IT the past 24 years though I never was the highest earner in my field. My last years salary was about $70k.

I laughed at a article I recently read that the new polled net worth to be considered wealthy in the US is about $1.94 million. That gave me a bit of a chuckle because I certainly don't feel wealthy.
How can you not feel wealthy with $2M??? What are your money concerns?
I am at 2+ m and I don’t feel that way either.
What are your money concerns? You choose to live like a broke college student with millions?
bogcir
Posts: 109
Joined: Thu Jan 21, 2021 12:38 am

Re: Share your net worth progression

Post by bogcir »

tj wrote: Sat Jul 31, 2021 4:25 pm
grettman wrote: Sat Jul 31, 2021 4:18 pm
tj wrote: Sat Jul 31, 2021 4:14 pm
watchman1675 wrote: Thu Jul 29, 2021 11:20 pm Current net worth of $2.1 million not including home of about $350k. $250k of that is from my wife's 401k. I retired two years ago at 53 with no pension just working the the two bucket strategy. Wife says she's not ready.

I worked IT the past 24 years though I never was the highest earner in my field. My last years salary was about $70k.

I laughed at a article I recently read that the new polled net worth to be considered wealthy in the US is about $1.94 million. That gave me a bit of a chuckle because I certainly don't feel wealthy.
How can you not feel wealthy with $2M??? What are your money concerns?
I am at 2+ m and I don’t feel that way either.
What are your money concerns? You choose to live like a broke college student with millions?
It prob depends what you mean by money concerns but if you are young and wanna be conservative about withdrawal rates. $2M saved represents $60k/year at a 3% withdrawal rate. While that would be financially independent, it’s far from what most people would consider “wealthy”.
reln
Posts: 718
Joined: Fri Apr 19, 2019 4:01 pm

Re: Share your net worth progression

Post by reln »

grettman wrote: Sat Jul 31, 2021 4:18 pm
tj wrote: Sat Jul 31, 2021 4:14 pm
watchman1675 wrote: Thu Jul 29, 2021 11:20 pm Current net worth of $2.1 million not including home of about $350k. $250k of that is from my wife's 401k. I retired two years ago at 53 with no pension just working the the two bucket strategy. Wife says she's not ready.

I worked IT the past 24 years though I never was the highest earner in my field. My last years salary was about $70k.

I laughed at a article I recently read that the new polled net worth to be considered wealthy in the US is about $1.94 million. That gave me a bit of a chuckle because I certainly don't feel wealthy.
How can you not feel wealthy with $2M??? What are your money concerns?
I am at 2+ m and I don’t feel that way either.
I'm at 5M+ and still feel poor. Growing up poor/hungry/homeless had an impact on my mental health. I go to therapy twice a month and have had significant improvement. I still work full time.
watchman1675
Posts: 47
Joined: Mon Mar 05, 2018 10:01 am

Re: Share your net worth progression

Post by watchman1675 »

tj wrote: Sat Jul 31, 2021 4:14 pm
watchman1675 wrote: Thu Jul 29, 2021 11:20 pm Current net worth of $2.1 million not including home of about $350k. $250k of that is from my wife's 401k. I retired two years ago at 53 with no pension just working the the two bucket strategy. Wife says she's not ready.

I worked IT the past 24 years though I never was the highest earner in my field. My last years salary was about $70k.

I laughed at a article I recently read that the new polled net worth to be considered wealthy in the US is about $1.94 million. That gave me a bit of a chuckle because I certainly don't feel wealthy.
How can you not feel wealthy with $2M??? What are your money concerns?
Well, that's a good question. A few reasons for me are:

Of that $2.1 million (actually $1.9M in my accounts, the other is my wife's 401k of $250k) that I am drawing on for years in retirement doesn't mean I am really wealthy. It's just a vehicle to give me small yearly portions to live off of.

Another is just the flat out cost for everything these days. We currently reside in Illinois and want out and initially looked to move to beautiful Colorado (love the mountains) but quickly realized even a $400k doesn't get you much in the way of back yard and on a slab. If pushed I'd say the only positive of IL is you do get a lot of home with full basements for the money but of course they kill you with property taxes. Because of Colorado's housing price increases, we are now looking at Wyoming.

Since I retire at 53 two years ago I've decided to go the two bucket route living on cash until 59.5 and I cannot shake to fear of running out of money in a possible extended flat market like 90's Japan. It probably will never happen here but there are no guarantees. So this makes me want to live on even lower annual income almost as a race to the bottom though realistically the research shows I could safely pull 4% which is $76k but I wouldn't even need close to that and the very thought of pulling that much each year gives me the willies.

I'd say the final is reading some of the other posters on this great forum who also ask if $5 or 7 million is enough which verifies no mater how much you have, someone always has more and also concerned if they can make it.

I do realize what I'm experiencing isn't uncommon with ER's. Many others have these same fears in normal age and early retirement. We just have to keep telling ourselves we did it right and have the confidence to stop worrying about it.
Last edited by watchman1675 on Sun Aug 01, 2021 8:55 am, edited 7 times in total.
howard71
Posts: 478
Joined: Wed Oct 28, 2020 11:10 am

Re: Share your net worth progression

Post by howard71 »

I retired in 2016 at the age of 67 with almost exactly 1 million. 15 years earlier I had almost zero so there is hope for those of you who are in the same boat. Result of frugal but not austere living, saving 1/2 of combined income. Portfolio is now about 1.6 million. Gains came from ROI plus my wife still working and maxxing out her 401k. Not including my house in net worth. If so, add another 150k.

Both parents died and left me $0.

I don't consider myself rich, just better off than most. Considering yourself rich when you aren't is probably a recipe for disaster.
watchman1675
Posts: 47
Joined: Mon Mar 05, 2018 10:01 am

Re: Share your net worth progression

Post by watchman1675 »

howard71 wrote: Sat Jul 31, 2021 5:32 pm I retired in 2016 at the age of 67 with almost exactly 1 million. 15 years earlier I had almost zero so there is hope for those of you who are in the same boat. Result of frugal but not austere living, saving 1/2 of combined income. Portfolio is now about 1.6 million. Gains came from ROI plus my wife still working and maxxing out her 401k. Not including my house in net worth. If so, add another 150k.

Both parents died and left me $0.

I don't consider myself rich, just better off than most. Considering yourself rich when you aren't is probably a recipe for disaster.
"Considering yourself rich when you aren't is probably a recipe for disaster." This is very true. If only one of the best parts of getting old is I'm out of my toys buying phase. I could not be retired and buy the expensive watches, cars and other meaningless crap I bought in my 40's. I now wonder if I bought all that stuff because I was miserable with my job.

Now at 55, my attitude is I love to throw stuff out and minimalism has a greater appeal.
User avatar
FlatSix
Posts: 331
Joined: Thu Jan 16, 2020 8:37 pm

Re: Share your net worth progression

Post by FlatSix »

For your consideration, “Who Feels Rich Really?”

https://ofdollarsanddata.com/who-feels-rich-really/

Tl;dr summary:

This is why when I ask, “Who feels rich really?” the answer is—no one.

Because you can always point to someone else who is doing better.

But, the trick is, not to forget all the people who could be pointing at you.
Jimsad
Posts: 935
Joined: Mon Mar 20, 2017 5:54 pm

Re: Share your net worth progression

Post by Jimsad »

Most of the posters Including me have greatly benefited from the multi year bull market . I have been guilty of letting my asset allocation become more aggressive due to greed.

But I am slowly getting more conservative and more in line with my IPS as I believe there Will be a Crash sooner than later and do not want to suffer due to my greediness
Because I do remember 2008.
corpgator
Posts: 217
Joined: Wed Jul 22, 2015 12:00 pm

Re: Share your net worth progression

Post by corpgator »

Household progression, EOY for each:
2014 - Approx $20k
2015 - Approx $40k
2016- Approx $120k
2017 - $212,217.69
2018 - $247,493.38
2019 - $364,391.14
2020 - $508,970.28
2021 YTD - $683,352.21

Turned 40 this year. Last few years have been good to us.
kd2008
Posts: 1274
Joined: Sun Feb 15, 2009 5:19 pm

Re: Share your net worth progression

Post by kd2008 »

I turned 40 this year, spouse will be 60 soon.

Just crossed 2 million in combined net worth. 1.85 of that is invested. Rest is equity in the home.

Being the higher earner, I brought in 1.45 of the net worth, spouse brought in 0.55.

Very modest income in 12% marginal rate - maxing out all tax advantaged accounts, both working. Spending about 50K now, 35K w/o mortgage.

Spouse planning on retiring in 3 years.

I haven't set my sight on a date yet. Long road ahead of us. One step at a time.

Grateful for where we are now.
goos_news
Posts: 207
Joined: Mon Jun 10, 2019 7:14 pm
Location: Northern California/French Riviera

Re: Share your net worth progression

Post by goos_news »

goos_news wrote: Sat Aug 08, 2020 2:41 am (snip)
I just kept my head down and net worth/assets usually only came up when it came to buy a home. Thus, I only have a few data points available before 2014, when we started tracking in preparation for retirement.

(Updated below from 2020)
54/57, DINKs (tech/health care, still grinding away)
HCOL, 540K in direct comp, plus equity.
(snip)
We live well within our means, with actual net expenses of under 100 to 120K a year. Net worth includes real estate but not pension with a cash out value of $1M or lifetime annuity of $55K/yr.
(snip)
Updating for 2021
1990: 23, 50K
1995: Sold 1991 1st home and bought a new one, still live there today, was around 800K NW
1996-1997 -- likely passed first million, in paper
2000-2001 --set back in tech bubble burst.
the stagnant decade (but wasn't hit too hard with financial crisis)
2010: 1.8M or so
Started tracking in 2013-2014 to prepare for retirement
2014: 4.4M
2015: 4.8M
2016: 5.8M (inheritance)
2017: 6.8M
2018: 7.7M
2019: 8.2M
2020: 9.1M
2021: 10.5M

Power of working and saving a lot of salary, compounding gains on a conservative portfolio. Stuck in OMY.
Mofire
Posts: 49
Joined: Thu Aug 06, 2020 9:28 am

Re: Share your net worth progression

Post by Mofire »

Update for July.

08 2015: $1.0M
04 2018: $2.0M
07 2019: $2.8M
12 2019: $3.6M
07 2020: $5.0M
12 2020: $7.5M
07 2021: $10.8M (age 44)

I'm starting to see that we're approaching levels that will trigger a sizeable correction. We will see. :)
sc9182
Posts: 2178
Joined: Wed Aug 17, 2016 7:43 pm

Re: Share your net worth progression

Post by sc9182 »

Mofire wrote: Mon Aug 02, 2021 1:45 pm Update for July.

08 2015: $1.0M
04 2018: $2.0M
07 2019: $2.8M
12 2019: $3.6M
07 2020: $5.0M
12 2020: $7.5M
07 2021: $10.8M (age 44)

I'm starting to see that we're approaching levels that will trigger a sizeable correction. We will see. :)
This is one Amazing progress. Would imagine most of the Portfolio growth came-in from Contributions ? Or, is it highly-leveraged portfolio with accurate market timing for added punch ?
Mofire
Posts: 49
Joined: Thu Aug 06, 2020 9:28 am

Re: Share your net worth progression

Post by Mofire »

Yes, contributions.
honigvod
Posts: 26
Joined: Thu Apr 29, 2021 9:08 pm

Re: Share your net worth progression

Post by honigvod »

Might as well join the party.

Currently 42. Didn't really have the chance to start saving until I was nearly 30. All below are WAGs. I lived on <$25k (current dollars) a year the entire time, including before this list started (income went from 15k to 30k, not adjusted for inflation, from the ages of 18-28). It's odd. In about the years 2007 I hit a level of spending that I have found comfortable maintaining ever sense. There is some variation, but have little desire to add much to it.

Year :Gross Income: Net Worth
2007 : 30k : -170k Bought my first house and a car, no savings, started a barely there roth ira
2008 : 32k : -165k
2009 : 34k : -160k Minimum house payments makes it slow going
2010 : 36k : -150k
2011 : 72k : -130k Career change from worker bee to middle level, start making more. First job with a 401k (minimum to company match), maxing out roth IRA.
2012 : 74k : -110k
2013 : 77k : -90k
2014 : 80k : 0k Net Worth! Worthless! Sold 3-bed house and got a 1-bed bungalow closer to work. Used proceeds from old house sale kill all other debt. Remaining house debt (which I overpay on) matches investments.
2015 : 83k : +30k
2016 : 85k : +70k
2017 : 87k : +120k Net worth.
2018 : 90k : +180k House paid off! Got my hopefully 'forever car'. Start maxing out retirement accounts because my pay starts ramping at the end of the year due to promotion/restructuring.
2019 : 105k : +260k Pay at work crosses $100k mark in the year I turn 40.
2020 : 115k : +350k
2021 : ~120k : +450k As of today. $200k traditional 401k. $100k Roth. ~$100k house (likely higher but what I got it for). $5k Taxable (just started last month). $20k bonds (I/EE, just started this year). $25k checking/savings/Efund. And car is paid off. 0 debt! Might hit 75% savings rate after tax.

Those numbers aren't exact, smoothed between known points. I am sure it was a lot more 'spikey', but I basically never checked my accounts much besides major points (buying house, paying off big debt, etc).

With 350k liquid, most of it invested and the what I would use before I touch the invested part, I have reached the point where I would be able to survive if I never worked again: 4% rule at that point matches poverty level but would take care of taxes, insurance, utilities, food, etc,. I plan to work 5 more years for sure, which should get me north of $800k if historic averages stick (~$750k after inflation). $30k a year in today's dollars would cover my current lifestyle with a little room just in case. And it would only need to last 23 years, not 30, which I believe has a 100% historical success. My projected SS at 70 years old would be slightly higher than that so the risk is pretty much nil.

After that... well, it depends. If I am willing and able to keep my job a few years past 47 years old, things will be a lot more comfortable in my 50s and 60s with room to enjoy a lot more travel. If I worked until 50ish I would hit 35 years worked and hit the SS 'wall' of the second bend point and have north of 1M invested.

However, a part time job to keep busy (and have a few benefits, preferably seasonal) for longer would accomplish nearly the same thing while also giving me a routine, stability, and community while still allowing extended time to explore the world. I'm constantly flipping back and forth between what I should do but I find the mental thought exercise of it rather fun by itself. I'm prepared for either. Who knows.
Japanfan1986
Posts: 56
Joined: Sun Oct 05, 2014 11:49 pm

Re: Share your net worth progression

Post by Japanfan1986 »

My net worth is absolutely minuscule compared to just about everyone else in this thread. Well barring the recent med school grads and such who should rebound soon enough.

However, I’m finally out of the red and finally feel comfortable enough to start sharing. I went to an Ivy League grad school courtesy of student loans hence why I was in the red for so long. Well that and poor education/understanding. I haven’t found a specific date, but I want to say at the worst my net worth was -135K around 2015 or so.

August 2021 Net Worth: $21K

Aiming to have a $57.5K net worth by 2022 :)
Normchad
Posts: 5648
Joined: Thu Mar 03, 2011 6:20 am

Re: Share your net worth progression

Post by Normchad »

Japanfan1986 wrote: Mon Aug 02, 2021 10:10 pm My net worth is absolutely minuscule compared to just about everyone else in this thread. Well barring the recent med school grads and such who should rebound soon enough.

However, I’m finally out of the red and finally feel comfortable enough to start sharing. I went to an Ivy League grad school courtesy of student loans hence why I was in the red for so long. Well that and poor education/understanding. I haven’t found a specific date, but I want to say at the worst my net worth was -135K around 2015 or so.

August 2021 Net Worth: $21K

Aiming to have a $57.5K net worth by 2022 :)
Good for you! Keep at it! I did not hit a net worth of zero until I was 28-29. (And I’m not a doctor, etc). It just takes a while to get off the ground sometimes.
Bullma
Posts: 2
Joined: Mon Aug 02, 2021 10:13 pm

Re: Share your net worth progression

Post by Bullma »

My starting salary back in 1990 was $34,000 when I was about 25 years old. The place I worked match 50% of our 401K contribution up to 6% of our salary. Without knowing anything about saving money, I put in 6% each pay check for the last 30 years.

Since I did not know much about saving or investing, I basically just randomly picked whatever mutual fund available in the 401K plan that had good return. Never re-visited it until few years ago.

This year salary was a little over $200,000, and I'm 57. All money was in 401K in large cap and blue chips mutual funds.

1990: $0
2014: $250K
2019: $500K
2020: $1M

Image
Last edited by Bullma on Tue Aug 03, 2021 3:45 pm, edited 1 time in total.
Japanfan1986
Posts: 56
Joined: Sun Oct 05, 2014 11:49 pm

Re: Share your net worth progression

Post by Japanfan1986 »

Normchad wrote: Mon Aug 02, 2021 10:29 pm
Japanfan1986 wrote: Mon Aug 02, 2021 10:10 pm My net worth is absolutely minuscule compared to just about everyone else in this thread. Well barring the recent med school grads and such who should rebound soon enough.

However, I’m finally out of the red and finally feel comfortable enough to start sharing. I went to an Ivy League grad school courtesy of student loans hence why I was in the red for so long. Well that and poor education/understanding. I haven’t found a specific date, but I want to say at the worst my net worth was -135K around 2015 or so.

August 2021 Net Worth: $21K

Aiming to have a $57.5K net worth by 2022 :)
Good for you! Keep at it! I did not hit a net worth of zero until I was 28-29. (And I’m not a doctor, etc). It just takes a while to get off the ground sometimes.
Thank you for the encouragement :) I was glad to reach a positive net worth earlier in the year. With a stronger understanding of finance and more consistent strategy I’m looking forward to what the future brings :)
User avatar
mhc
Posts: 5257
Joined: Mon Apr 04, 2011 10:18 pm
Location: NoCo

Re: Share your net worth progression

Post by mhc »

honigvod wrote: Mon Aug 02, 2021 9:02 pm Might as well join the party.

Currently 42. Didn't really have the chance to start saving until I was nearly 30. All below are WAGs. I lived on <$25k (current dollars) a year the entire time, including before this list started (income went from 15k to 30k, not adjusted for inflation, from the ages of 18-28). It's odd. In about the years 2007 I hit a level of spending that I have found comfortable maintaining ever sense. There is some variation, but have little desire to add much to it.

Year :Gross Income: Net Worth
2007 : 30k : -170k Bought my first house and a car, no savings, started a barely there roth ira
2008 : 32k : -165k
2009 : 34k : -160k Minimum house payments makes it slow going
2010 : 36k : -150k
2011 : 72k : -130k Career change from worker bee to middle level, start making more. First job with a 401k (minimum to company match), maxing out roth IRA.
2012 : 74k : -110k
2013 : 77k : -90k
2014 : 80k : 0k Net Worth! Worthless! Sold 3-bed house and got a 1-bed bungalow closer to work. Used proceeds from old house sale kill all other debt. Remaining house debt (which I overpay on) matches investments.
2015 : 83k : +30k
2016 : 85k : +70k
2017 : 87k : +120k Net worth.
2018 : 90k : +180k House paid off! Got my hopefully 'forever car'. Start maxing out retirement accounts because my pay starts ramping at the end of the year due to promotion/restructuring.
2019 : 105k : +260k Pay at work crosses $100k mark in the year I turn 40.
2020 : 115k : +350k
2021 : ~120k : +450k As of today. $200k traditional 401k. $100k Roth. ~$100k house (likely higher but what I got it for). $5k Taxable (just started last month). $20k bonds (I/EE, just started this year). $25k checking/savings/Efund. And car is paid off. 0 debt! Might hit 75% savings rate after tax.

Those numbers aren't exact, smoothed between known points. I am sure it was a lot more 'spikey', but I basically never checked my accounts much besides major points (buying house, paying off big debt, etc).

With 350k liquid, most of it invested and the what I would use before I touch the invested part, I have reached the point where I would be able to survive if I never worked again: 4% rule at that point matches poverty level but would take care of taxes, insurance, utilities, food, etc,. I plan to work 5 more years for sure, which should get me north of $800k if historic averages stick (~$750k after inflation). $30k a year in today's dollars would cover my current lifestyle with a little room just in case. And it would only need to last 23 years, not 30, which I believe has a 100% historical success. My projected SS at 70 years old would be slightly higher than that so the risk is pretty much nil.

After that... well, it depends. If I am willing and able to keep my job a few years past 47 years old, things will be a lot more comfortable in my 50s and 60s with room to enjoy a lot more travel. If I worked until 50ish I would hit 35 years worked and hit the SS 'wall' of the second bend point and have north of 1M invested.

However, a part time job to keep busy (and have a few benefits, preferably seasonal) for longer would accomplish nearly the same thing while also giving me a routine, stability, and community while still allowing extended time to explore the world. I'm constantly flipping back and forth between what I should do but I find the mental thought exercise of it rather fun by itself. I'm prepared for either. Who knows.
Good job!

Thanks for sharing your story.
52% TSM, 23% TISM, 24.5% TBM, 0.5% cash
dn160
Posts: 9
Joined: Thu Aug 10, 2017 1:29 pm

Re: Share your net worth progression

Post by dn160 »

Starting off my NW on this thread so I can check my progress down the road.

Year: Age: Income: Net Worth
2018: 26: $50k: $1.6k
2019: 27: $63k: $7.6k
2020: 28: $69k: $11.1k
2021: 29: $91k: $50k

Lesson learned so far -- Saving habits (those include budgeting and minimizing spending), and increasing income potential play a major role in NW progression, especially for young people like me.
certifiedfordtec
Posts: 13
Joined: Mon Apr 10, 2017 7:31 pm

Re: Share your net worth progression

Post by certifiedfordtec »

2010: 82k
2011: 88k
2012: 106k
2013: 141k
2014: 167k
2015: 179k
2016: 206k
2017: 260k
2018: 256k
2019: 346k
2020: 425k
2021 YTD: 509k

Started wrenching fulltime in 1995 and hopefully will stop in about 6 years at 56 years of age. Must agree the first 100k took the longest and hope it keeps going. Come on 6 years!
Golfalot
Posts: 36
Joined: Mon Dec 26, 2011 9:06 am

Re: Share your net worth progression

Post by Golfalot »

Have been following this thread for years. Thought I would finally contribute. My wife and I have been very fortunate to have high earning careers and have done a good job saving money every year.

We are now 50 & 49 with net worth over $8M. A lot of that is due to the great advice we’ve received from this community. Our lifestyle has ticked up slightly through the years with having kids and enjoying life, but never at the expense of still socking away money every year.

Below is a quick summary of net worth progression. I chunked most of it out in 3 year increments as it would be pretty long if I did every year…

12/31/1997: $10K - Started professional career in public accounting in 1992 making $32k/year. Saved as much as I could each month which wasn't much.
12/31/1998: $30K – married in 1998. We were fortunate that In-Laws gave us $10k to help on down payment for first condo purchase.
12/31/2001: $340K – in 1999, I moved into a sales role within IT Software industry which significantly increased salary & bonus potential. Increase due to savings & market appreciation of company stock (mega corp in IT software industry)
12/31/2004: $755K – increase due to savings & market appreciation
12/31/2007: $1.6M – increase due to savings & market appreciation. Also had sizable real estate gains from selling primary residence.
12/31/2010: $2.2M – increase due to savings & market appreciation
12/31/2013: $3.8M – had some really good bonus years & market appreciation.
12/31/2016: $4.9M – had some really good good bonus years & market appreciation
12/31/2019: $6.9M – had some really good bonus years & market appreciation. Paid off mortgage entirely in 2017. Great feeling to be debt free.
12/31/2020: $7.8M – savings & market appreciation
7/31/2021: $8.6M – savings & market appreciation

We have gotten to the point now where our Net Worth progression is more dependent on market performance vs savings rate…..which is kind of an odd feeling as I’ve been so conditioned to put money away every month.
smectym
Posts: 1530
Joined: Thu May 26, 2011 5:07 pm

Re: Share your net worth progression

Post by smectym »

Japanfan1986 wrote: Mon Aug 02, 2021 10:10 pm My net worth is absolutely minuscule compared to just about everyone else in this thread. Well barring the recent med school grads and such who should rebound soon enough.

However, I’m finally out of the red and finally feel comfortable enough to start sharing. I went to an Ivy League grad school courtesy of student loans hence why I was in the red for so long. Well that and poor education/understanding. I haven’t found a specific date, but I want to say at the worst my net worth was -135K around 2015 or so.

August 2021 Net Worth: $21K

Aiming to have a $57.5K net worth by 2022 :)
Japan, yes my wife and I both had negative net worth coming out of grad/law school. We were poor at an age many of the posters on this thread can boast of multi-million portfolios. But, now we have all the money we need and more. If you keep pursuing a determined wealth-building strategy you'll likely do well. It's those who become indifferent, cynical, discouraged, or distracted (all for quite human and understandable reasons) who may come up short.
ExTx
Posts: 70
Joined: Mon Jun 21, 2021 11:40 am

Re: Share your net worth progression

Post by ExTx »

Should I begin when I was a slick sleeve in boot camp in 1985?
User avatar
mhc
Posts: 5257
Joined: Mon Apr 04, 2011 10:18 pm
Location: NoCo

Re: Share your net worth progression

Post by mhc »

ExTx wrote: Thu Aug 05, 2021 10:34 am Should I begin when I was a slick sleeve in boot camp in 1985?
Sure why not. I was a slick sleeve in boot camp in 1985 too! :sharebeer
52% TSM, 23% TISM, 24.5% TBM, 0.5% cash
Japanfan1986
Posts: 56
Joined: Sun Oct 05, 2014 11:49 pm

Re: Share your net worth progression

Post by Japanfan1986 »

smectym wrote: Wed Aug 04, 2021 11:16 pm
Japanfan1986 wrote: Mon Aug 02, 2021 10:10 pm My net worth is absolutely minuscule compared to just about everyone else in this thread. Well barring the recent med school grads and such who should rebound soon enough.

However, I’m finally out of the red and finally feel comfortable enough to start sharing. I went to an Ivy League grad school courtesy of student loans hence why I was in the red for so long. Well that and poor education/understanding. I haven’t found a specific date, but I want to say at the worst my net worth was -135K around 2015 or so.

August 2021 Net Worth: $21K

Aiming to have a $57.5K net worth by 2022 :)
Japan, yes my wife and I both had negative net worth coming out of grad/law school. We were poor at an age many of the posters on this thread can boast of multi-million portfolios. But, now we have all the money we need and more. If you keep pursuing a determined wealth-building strategy you'll likely do well. It's those who become indifferent, cynical, discouraged, or distracted (all for quite human and understandable reasons) who may come up short.
Thank you for sharing your experience :) I hope to one day get to having all the money I need and more. I’m going to keep working and stay focused. Unfortunately there are no shortage of folks who come up short due to those understandable reasons you mentioned. Also, the “too late” argument. Of course I would have preferred to have a more solid strategy earlier, but we can’t live in the past :)
Green Street
Posts: 129
Joined: Tue Jan 02, 2018 4:00 pm

Re: Share your net worth progression

Post by Green Street »

Green Street wrote: Wed Dec 23, 2020 11:43 am
Green Street wrote: Sat Nov 02, 2019 9:44 pm
I think I’m close to your trajectory.
2010: 67k - Age 21
2011: 79k
2012: 103k
2013: 115k
2014: 129k
2015: 177k
2016: 261k
2017: 399k - age 28
Figured I’d update this
2019: 610k
The grind still isn’t fun. Hoping things move quicker and easier from here.
[/quote]

End of year 2020: 852k
Rollercoaster of a year in every way imaginable. Looking to do more in 2021.
[/quote]

Randomly decided to run the numbers today…
8/9/2021: 1,009,000.
It’s been a wild ride, still have a lot more to do
Searching Through The FiRE
tj
Posts: 9366
Joined: Wed Dec 23, 2009 11:10 pm

Re: Share your networth progression

Post by tj »

tj wrote: Tue Nov 15, 2016 9:38 pm
tj wrote:
tj wrote:I didn't start really keeping track until the middle of 2010 at the age of 25.

7/1/10 - $44k
1/1/11 - $69k (I think this increase is a combination of bull market and I bought a new car towards the end of 2010)
1/1/12 - $79k (In late '11 I refinanced condo loan from 30 year 5.25% to 15 year 3.625%)
1/1/13 - $132k (Have to assume that this is mostly from the stock market
1/1/14 - $232k (Most of this was from fairly significant appreciation in my condo)
1/1/15 - $251k (Most of 2014, I worked part time for lower salary with a long expensive commute - lived by the beach. That I still managed to grow my Net worth by 10% seems a bit shocking.

1/1/16 and I'm almost exactly where i was on 1/1/15.
As of 11/1/16 I was at 286k. Currently a bit higher with market movement the past couple weeks.
I'm up to $500k. I didn't work for most of 2017 and 2018. Moved to Hawaii and 3 subsequent moves since the 11/2016 update
User avatar
HomerJ
Posts: 21281
Joined: Fri Jun 06, 2008 12:50 pm

Re: Share your net worth progression

Post by HomerJ »

pinhead wrote: Fri Jun 12, 2020 8:32 pm
Count of Notre Dame wrote: Fri Jun 12, 2020 1:12 pm
pinhead wrote: Tue Jun 09, 2020 1:59 pm Age: 45, Spouse 44, 2 kids

Dec 1999: Graduated college with $2000 savings. No debt. Fortunate tuition was paid by very frugal parents. Very inexpensive college
2000: $10K (felt amazing hitting the first milestone, my salary was $40K, spouse (fiance then) $50K)
2001: 35K
2002: $50K (Lost job due to 9/11 here. jobless or 8 months)
2003: 80K (Felt financially secure at this point. Bought a used Mercedes for $22K. Foolish move)
2004: 120K
2005: $200K (1st kid born)
2006: $330K (we both started working for ourselves and moved to a major city)
2007: $450K (Bought a townhouse for $300k cash)
2008: $600K
2009: $650K (Mercedes broke down. Bought Camry)
2010: $800K
2011: $1m (hit the $1m mark 4 years before hitting 40, which was my initial target)
2012: $1.25m (2nd kid born)
2013: 1.45m
2014: 1.7m
2015: 2m (I turned 40. Twice the initial target set earlier in life)
2016: 2.5m
2017: 3m
2018: 3.5m
2019: 4m (Finally bought a bigger home after living way below our means for cash. Renting out old townhouse)

2020 Current: 4.4m. On target to reach maybe 4.6m to 4.7m by year end.
(Large jump because a single stock I owned tripled during Covid and i sold 80% of it, which netted me over $250K)

2021: Achieve life goal of $5m

(For me, $5m is the magic number), where I will blow anything after this $5m. I probably wont carelessly blow it because of the discipline I have become accustomed to, but I would be very content with spending on larger toys (Maybe a polaris slingshot). I can breathe, and not hustle daily trying to land opportunities. I currently work 10 - 12 hours a day, 6 days a week.

*Disclaimer: The net worth amounts year by year are approximates based on memory.
I am on an extremely similar trajectory as you (currently 36 with $1.1M net worth) but I already see myself wanting to move to part time work at age 40. When are you going to pump the breaks on the hours you are putting into your job?
$5m. Then hit brakes and work maybe 10-15 hours a week
That's going to be a huge change for you... You're going to go from 60-70 hours a week to 10-15?

I'm guessing you don't have kids. Spouse still working?
"The best tools available to us are shovels, not scalpels. Don't get carried away." - vanBogle59
adasop
Posts: 3
Joined: Sat Aug 01, 2020 9:51 pm

Re: Share your net worth progression

Post by adasop »

Golfalot wrote: Wed Aug 04, 2021 10:18 pm Have been following this thread for years. Thought I would finally contribute. My wife and I have been very fortunate to have high earning careers and have done a good job saving money every year.

We are now 50 & 49 with net worth over $8M. A lot of that is due to the great advice we’ve received from this community. Our lifestyle has ticked up slightly through the years with having kids and enjoying life, but never at the expense of still socking away money every year.

Below is a quick summary of net worth progression. I chunked most of it out in 3 year increments as it would be pretty long if I did every year…

12/31/1997: $10K - Started professional career in public accounting in 1992 making $32k/year. Saved as much as I could each month which wasn't much.
12/31/1998: $30K – married in 1998. We were fortunate that In-Laws gave us $10k to help on down payment for first condo purchase.
12/31/2001: $340K – in 1999, I moved into a sales role within IT Software industry which significantly increased salary & bonus potential. Increase due to savings & market appreciation of company stock (mega corp in IT software industry)
12/31/2004: $755K – increase due to savings & market appreciation
12/31/2007: $1.6M – increase due to savings & market appreciation. Also had sizable real estate gains from selling primary residence.
12/31/2010: $2.2M – increase due to savings & market appreciation
12/31/2013: $3.8M – had some really good bonus years & market appreciation.
12/31/2016: $4.9M – had some really good good bonus years & market appreciation
12/31/2019: $6.9M – had some really good bonus years & market appreciation. Paid off mortgage entirely in 2017. Great feeling to be debt free.
12/31/2020: $7.8M – savings & market appreciation
7/31/2021: $8.6M – savings & market appreciation

We have gotten to the point now where our Net Worth progression is more dependent on market performance vs savings rate…..which is kind of an odd feeling as I’ve been so conditioned to put money away every month.


Thanks for sharing. Your last thought is very powerful, insightful and inspirational.
lazaro53
Posts: 68
Joined: Fri May 22, 2020 2:12 pm

Re: Share your net worth progression

Post by lazaro53 »

ucibob1 wrote: Fri Jan 01, 2021 4:09 pm Married - 41/41
Kids - 8/5 - HCOL Area
All Index funds, we don't own any individual stocks

As of 12.31

2013 - $500K - Age 34 - First time tracking NW
2014 - $707K
2015 - $856K
2016 - $1.02M
2017 - $1.36M
2018 - $1.54M
2019 - $1.92M
2020 - $2.46M - Age 41
Hello, Can you tell me how much did you invest per year and which index funds and allocation? We have 500 now, aiming to one million in 5 to 6 years. Thanks
deep_woods
Posts: 2
Joined: Mon Aug 16, 2021 11:16 pm

Re: Share your net worth progression

Post by deep_woods »

First gen immigrant, Married 42/44, 2 Kids, Dual income (tech industry), HCOL area in CA

2003: 6K
2004: 20K
2005: 188K
2006: 305K
2007: 446K
2008: 485K
2009: 665K
2010: 885K
2011: 1.1M
2012: 1.2M
2013: 1.6M
2014: 1.9M
2015: 1.8M
2016: 2.2M
2017: 2.9M
2018: 2.8M
2019: 3.6M
2020: 4.9M
current: 5.3M (1% cash, 48.5% retirement, 35% equities (non-retirement), 14% crypto, 0.5% charitable fund, 1% 529)

Doesn't include ~1M in home equity (after mortgage payoff), ~0.5% in car loans and credit cards.

Haven't been diligent in diversification. Of the 35% equity portfolio (stocks, mutual funds), 40% of it is still with 1 stock (previous employer). Would like to reduce that exposure by moving 50% of it into real estate and other such investments for the long-term.

Targeting 15M NW by 2030. Plan to give away 30% of NW from 2035 onwards to high impact charities and educational institutions.
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