Anonymous
Post 01/25/2026 10:10     Subject: Re:Are you a millionaire?
Yes. But we were gifted 575k for a down payment on our home.

Nw is around 2.7 - includes our equity in the house, retirement, liquid savings and
DH and I are late 30s.

Our parents paid for college and like I said, gifted us a downpayment on our home. We had a huge head start due to those fortunate factors.
Anonymous
Post 01/25/2026 10:01     Subject: Re:Are you a millionaire?
Anonymous wrote:Luv all these so-called millionaires that are tracking inflated NW to include real estate, primary home, retirement, and other reserved and illiquid assets. Oh and don’t get me started on the people with $1M+ in their 401k, the majority of which hasn’t been taxed yet and will be amortized over a lifetime of withdrawals.


Agreed. We’re mid fifties and have good jobs, but if you don’t count real estate and retirement? We’re at about $250K liquid. Why would we have $1M? Put it in retirement!
Anonymous
Post 01/25/2026 09:15     Subject: Are you a millionaire?
Anonymous wrote:
Anonymous wrote:How are you going to survive with less than a million? Lol! How do you think most people do it? They live off SS. My mom lives exclusively off hers. Her row house is paid for. Her expenses are low- taxes, utilities, food, gas. She goes out with friends and on trips with them. Reads, volunteers. She has no pension and no other savings.


Do you know how much she makes monthly on it?



Yes. She just redid her will and asked me to go with her to the lawyer. She gets $3600 monthly in SS. Her property tax is approximately $5000.
Anonymous
Post 01/25/2026 09:13     Subject: Are you a millionaire?
Anonymous wrote:
Anonymous wrote:How are you going to survive with less than a million? Lol! How do you think most people do it? They live off SS. My mom lives exclusively off hers. Her row house is paid for. Her expenses are low- taxes, utilities, food, gas. She goes out with friends and on trips with them. Reads, volunteers. She has no pension and no other savings.


So you think the 15 or so people who have posted on here in their 40s and 50s as having more than $1m net worth in the dc area…. Are lying and actually their retirement plan in a few years is to live off social security?

Listen, I’m fully aware lots of people in the us have no retirement savings and are poor. But to claim that the people posting on dcum — a site with notoriously well educated, well employed people in one of the wealthiest highest income regions of the world where readers skew gen x — can’t possibly have as many people with net worth of a million dollars as the posters suggest….. that makes you delusional.


I never wrote that I doubt these posters. I’ve worked for very wealthy people in this area. I know they exist. What I think is ridiculous is that the PP wonders how people retire and live on less than a million dollars. Most retirees didn’t have their entire adult working life to contribute to a 401k. Why? 401ks weren’t even in existence when they started working. My mom never contributed to hers because there was no employer match. I don’t consider her poor at all. She owns her home, pays her bills, etc. Plenty of people are in her position so obviously it’s doable.
Anonymous
Post 01/25/2026 09:03     Subject: Are you a millionaire?
Early 50s
12m , includes brokerage, 401k and house
No idea when hit 1m
No inheritance
Spouse sold a company which is life changing, I am SAH, never thought we would be in this position.
Anonymous
Post 01/25/2026 08:46     Subject: Are you a millionaire?
Anonymous wrote:How are you going to survive with less than a million? Lol! How do you think most people do it? They live off SS. My mom lives exclusively off hers. Her row house is paid for. Her expenses are low- taxes, utilities, food, gas. She goes out with friends and on trips with them. Reads, volunteers. She has no pension and no other savings.


Do you know how much she makes monthly on it?
Anonymous
Post 01/25/2026 08:41     Subject: Re:Are you a millionaire?
Anonymous wrote:Luv all these so-called millionaires that are tracking inflated NW to include real estate, primary home, retirement, and other reserved and illiquid assets. Oh and don’t get me started on the people with $1M+ in their 401k, the majority of which hasn’t been taxed yet and will be amortized over a lifetime of withdrawals.

You’re only an actual millionaire if you have a NW > $1M and liquid assets > $1M after taxes. Sorry, bro, just owning an alleged $2M home with a $1M outstanding mortgage doesn’t cut it! Not until you sell and pay taxes on the gains.

All you posters are pathetic.


This
Anonymous
Post 01/25/2026 08:38     Subject: Re:Are you a millionaire?
Anonymous wrote:Luv all these so-called millionaires that are tracking inflated NW to include real estate, primary home, retirement, and other reserved and illiquid assets. Oh and don’t get me started on the people with $1M+ in their 401k, the majority of which hasn’t been taxed yet and will be amortized over a lifetime of withdrawals.

You’re only an actual millionaire if you have a NW > $1M and liquid assets > $1M after taxes. Sorry, bro, just owning an alleged $2M home with a $1M outstanding mortgage doesn’t cut it! Not until you sell and pay taxes on the gains.

All you posters are pathetic.

Some of us don't pay taxes; never have and never will. No mortgage and never had a 401k.
The 401k people will figure out how to lower their taxes, and then pay almost nothing with Roth and regular investment account.
Anonymous
Post 01/25/2026 08:23     Subject: Are you a millionaire?
Anonymous wrote:How are you going to survive with less than a million? Lol! How do you think most people do it? They live off SS. My mom lives exclusively off hers. Her row house is paid for. Her expenses are low- taxes, utilities, food, gas. She goes out with friends and on trips with them. Reads, volunteers. She has no pension and no other savings.


So you think the 15 or so people who have posted on here in their 40s and 50s as having more than $1m net worth in the dc area…. Are lying and actually their retirement plan in a few years is to live off social security?

Listen, I’m fully aware lots of people in the us have no retirement savings and are poor. But to claim that the people posting on dcum — a site with notoriously well educated, well employed people in one of the wealthiest highest income regions of the world where readers skew gen x — can’t possibly have as many people with net worth of a million dollars as the posters suggest….. that makes you delusional.
Anonymous
Post 01/25/2026 07:44     Subject: Are you a millionaire?
How are you going to survive with less than a million? Lol! How do you think most people do it? They live off SS. My mom lives exclusively off hers. Her row house is paid for. Her expenses are low- taxes, utilities, food, gas. She goes out with friends and on trips with them. Reads, volunteers. She has no pension and no other savings.
Anonymous
Post 01/25/2026 04:50     Subject: Re:Are you a millionaire?
Ages: 53/52
NW: $12.7M ($9.3M liquid investable 70/30 portfolio)
First $2.5M at 36 owned small piece of govcon that.exited, used $ for home and private school/college/family life, founded govcon w/ partners and sold, still a govcon exec, spouse was/is SAH
Anonymous
Post 01/25/2026 04:15     Subject: Re:Are you a millionaire?
Luv all these so-called millionaires that are tracking inflated NW to include real estate, primary home, retirement, and other reserved and illiquid assets. Oh and don’t get me started on the people with $1M+ in their 401k, the majority of which hasn’t been taxed yet and will be amortized over a lifetime of withdrawals.

You’re only an actual millionaire if you have a NW > $1M and liquid assets > $1M after taxes. Sorry, bro, just owning an alleged $2M home with a $1M outstanding mortgage doesn’t cut it! Not until you sell and pay taxes on the gains.

All you posters are pathetic.
Anonymous
Post 01/25/2026 01:21     Subject: Are you a millionaire?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I urge everyone to Google the share of Millionaires in the DMV. This thread makes it seems like every other person is a millionaire in the DMV lol.


Women love to underestimate what other people are making. Especially women who took mom track jobs or left their careers.

Google says that there are 15,000 lawyers at biglaw in DC. Which seems low if anything. Because there are more than 100 biglaw firms in DC, and i'd bet most have more than 200 lawyers. But even if 15,000, 2/3 of those are going to be senior enough to have $1m. So there are 10,000 people right there- active lawyers in biglaw senior positions.

I don't think i could name a friend in my age cohort who doesn't have $1m. It's a pretty low threshold these days.



Sounds like you should make some normal friends.


Other people are posting stats to support the fact that $1m hhi is not unusual in dc. If it’s three percent of all of dc, now narrow it down to people in their forties and fifties with jobs. Ie dcum readership. It’s going to be a lot higher than three percent of people in their forties on this site. That is people MAKING $1m a year.

Now back to the pp I posted, where I wasn’t even talking making $1m per year. I was just talking about net worth of $1m. Again, if you’re talking about people in their forties and fifties with jobs, ie people I’m friends with, who doesn’t have $1m by fifty in this town? You’re doing something very very wrong if you don’t have $1m in worth by fifty in this town, if you’re working. People with pensions are a bit different, because it’s hard to value those dollar to dollar. But otherwise, this is not a big number. If you don’t have $1m in net worth by fifty with a job, how are you going to survive after 67?



NP. You sound like a real out of touch jerk, even if the stats you use are correct (which at least some are not). You should try to be a better person.
Anonymous
Post 01/24/2026 23:55     Subject: Are you a millionaire?
Back in Dec 2008 I had to go to Fidelity branch to deposit a check. They were kinda shocked or suprised I had a million dollar account. After financial crises not many left. Today after 18 years of a bull market a million dollar account is a dime a dozen
Anonymous
Post 01/24/2026 22:25     Subject: Are you a millionaire?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I urge everyone to Google the share of Millionaires in the DMV. This thread makes it seems like every other person is a millionaire in the DMV lol.


Women love to underestimate what other people are making. Especially women who took mom track jobs or left their careers.

Google says that there are 15,000 lawyers at biglaw in DC. Which seems low if anything. Because there are more than 100 biglaw firms in DC, and i'd bet most have more than 200 lawyers. But even if 15,000, 2/3 of those are going to be senior enough to have $1m. So there are 10,000 people right there- active lawyers in biglaw senior positions.

I don't think i could name a friend in my age cohort who doesn't have $1m. It's a pretty low threshold these days.



Sounds like you should make some normal friends.


Other people are posting stats to support the fact that $1m hhi is not unusual in dc. If it’s three percent of all of dc, now narrow it down to people in their forties and fifties with jobs. Ie dcum readership. It’s going to be a lot higher than three percent of people in their forties on this site. That is people MAKING $1m a year.

Now back to the pp I posted, where I wasn’t even talking making $1m per year. I was just talking about net worth of $1m. Again, if you’re talking about people in their forties and fifties with jobs, ie people I’m friends with, who doesn’t have $1m by fifty in this town? You’re doing something very very wrong if you don’t have $1m in worth by fifty in this town, if you’re working. People with pensions are a bit different, because it’s hard to value those dollar to dollar. But otherwise, this is not a big number. If you don’t have $1m in net worth by fifty with a job, how are you going to survive after 67?



I posted early in the thread and said I’d guess our answer would be “no”. We’ve never figured exact NW. Ages 54/55, both career k-12 educators. I didn’t include pensions, which is where a good amount of our pay goes. We also had almost 20 years of 529 contributions. I figure we are close, but fall short with home equity and 403b values.