Age for 1 million in retirement - couple

[Anonymous]

Age 50.

[Anonymous]

37/35

[Anonymous]

Maybe in my late 20s? But it was not specifically a retirement account, just regular brokerage.

[Anonymous]

Late 30s.

[Anonymous]

47

[Anonymous]

Anonymous wrote:I would love to know. Can someone help me. I am 46 by the way. I have a pension instead of a 401k and my salary is $102,000. My pension simulation says that I retire at 65 my yearly pension in today's dollar will be $65k/year. The pension is also adjusted for COLI.

So I wonder how much I have in retirement now...

You can net present value the stream of pension income. There are online calculators that will do this.

[Anonymous]

I won the ovarian lottery and was born into generational wealth, so I guess Day 1 for me.

[Anonymous]

Anonymous wrote:We were 42. Five years later we're about to hit 2 million (current down market notwithstanding).

Current down market notwithstanding??? Really??? You must have an extremely short-term view to gauge your returns. The S&P500 is up over 19% in the last year. Personally, I'm up around 67% in the last year but I invest in individual stocks.

[Anonymous]

It depends.

We invested in rental properties (RP) from a young age as our retirement. In which case probably had $1m RP retirement equity by 35.

As for $1m in broker retirement accounts. It will be in the next couple years about age 68-69 if the market doesn't bust.

The nice thing about RP is it's not tempting to sell thru market cycles. The rent's go up with inflation rather or not the values fall.
Whereas in Broker accts I'm always nervous about losing $ that may never come back. Always second guessing the accounts. It's like play money, ez come ez go. Not a good feeling. Retiring on 1m and experiencing a 40% drop will hurt. A 40% drop in real estate value doesn't affect my rental income until values come back. I've lived thru real estate crashes over the last 45 years and it doesn't phase me at all since I hold long term. The stock market goes down 10% and I can't sleep.

[Anonymous]

Anonymous wrote:42. Hit $2M only a few years later. It's the first million that's the hardest.

+1 hit $1M 8 years ago (me-48, DH-55). Now we have $3M.

[Anonymous]

Some time in the late 30s I think. Now we're 43/44 and very close to a million each.

[Anonymous]

Early 40s, I forget exactly when.

[Anonymous]

DH and I are 50 and it was just last year. He spent many years building a business so retirement is mostly recent savings in brokerage accounts. Fortunately the gamble is paying off and we now foresee being able to made significant additions to it moving forward. But it was pretty nerve wracking until recently.

[Anonymous]

We were 47. Not including HSA.

[Anonymous]

35 and 40. We both maxed our 401k in our 20s. Now 5ish years later, we have about 2.5.