Net Worth and Goals by Age

$1.0MM by 35 is my target...it becomes fairly easy to build from there (e.g., living on base salary and saving / investing 100% of annual bonus, maintaining an aggressive asset allocation of ~90% equities until mid-40s, maxing 401k contributions / employer match for tax advantages, generally living well below one's available means, etc.).

$100MM by 35.

$10 by 40.

$15MM by 30

$50M by 40

$100M by 50

At a couple million right now @ 26. It gets WAY easier once you have cash coming in on a regular basis to invest. The first $50K in "investable" funds is definitely the hardest to make...

My real answer; currently 22.
Net Worth: -170K

25 - Paid off 150k in student loans and 20K in personal loansafter working 3 years in MF. Will have 10 - 20k to my name after it's done.
Net Worth: 15K

30 - Ideally working in either MF or UMM as a VP by now, putting away a couple hundred thousand. Should be able to start working on RE deals with friends and family. I'm lucky to have a strong network of U/HNW friends despite my lower middle class origins.
Net Worth: 500K

35 - Exit my first deal, probably in commercial (office or industrial). Hopefully will have saved $1.5M working as senior management in MM, and made another $700k from the RE deal. Slowly going down the AUM chain as I take higher positions an better hours. Will have kids around now as discussed with my fiancee. She will also have graduated medical school and working as a dermatologist or neurosurgeon (the current plan), decreasing my personal family expenses.
Net Worth: 2M

40 - Kids cost a lot of money, but I've been doing more and more deals as time goes on, exiting assets every 1-2 years as I have raised more capital from friends and family in the past 10 years. Start an angel investing side hustle, throwing chunks of 50k - 100k at startups, expecting all my money to go to waste.
Net Worth: 10M

45 - Things will go one of three ways. I either strike gold with a startup or deal, or at this point I've lost all the money I've invested in startups, or I cruise by with some decent GPreturns.
Net Worth Upside: 50M
Net Worth Base Case: 20M
Net Worth Downside: 5M

50 - Too far to think about. But a man can dream for 100M.

30 - 50 will be my golden years. Ideally I'll be buying a deal or two every year starting from the age of 30, growing my net worth exponentially. I've seen it happen with my fiancee's family friends who went from 5M to 100M in 10 years. Looking to replicate that model. I'm in a lucky spot. Grew up in a lower middle class family, having both my parents save approximate 20K total by the time I got into college. Took on all the student loans myself, but ended up in a good place to get those paid off while also sending thousand dollar checks back to my parents every month to keep them afloat as well. I never want to have to worry about money ever again--fear is a crazy motivator.

With student loans, I'm still trying to get my net worth to not have a negative sign in front of it.

i'd like to employ the hendrix/cobain model of success.

25:
start music career.
net worth: $0

26:
blow the fuck up online and become major artist.
net worth ~$1M.

27:
die horribly.
net worth ~$1-2M

28+:
immortalised by fans. value of my estate increases several fold overnight.
net worth: tens to hundreds of millions.

Median retirement savings for a 55 y/o in USA is ~100k. Judging by the comments we have a remarkable sample set in either potential wealth or delusion.

I don't tend to think of things in a NW perspective.

Currently 26.

At 25 I wanted an emergency fund of ~9 months expenses and a downpayment on my house (check)

At 30 I want my retirement safety net to be fully funded. Assuming my house is paid off I want about $60k in todays dollars using a 4% withdrawl rate ($1,500,000 in 2020 dollars). Assuming I will work for another 30 years and my portfolio returns 7% net of inflation this means I need roughly 200k sitting in my 401k at age 30. Even if I never contribute another dollar I should be ok. Currently at 100k with 4 years to go. Should be no problem to hit it. I also want to have roughly 100k invested in real estate. Should be feasible with bonuses etc.

Beyond 30 tough to say as who knows what life will bring. If I have kids I will probably be more conservative and want more liquidity. Maybe I will want to risk it all and go the entrepreneurship route and try to hit 10MM by 40.

To some of the people in here acting like it's crazy most of us see ourselves having a net worth easily over a million. This is a IB forum guys we are not Wal-Mart employees it's not far fetched to get there

Outside of those who have family money I foresee quite a few disappointed future 30 year olds here.

Corporate Finance here, so this one will be in stark contrast to the rest of you.

Currently 25, NW of 66k as of today. 3.5 years into my career, and I started my career with a NW of negative 40k between student loans and car loan. Looking to have a NW of 80k when I hit my fiscal year end (this July). Likely going to start my MBA this fall, so my NW will not increase for 2 years as I pay for that.

I'm gunning to be a manager at 27/28, a director in my early to mid 30s, and VP eventually. Those are my aspirations, but for forecasting purposes, I conservatively assume I'll top out at Sr. Manager and pull ~180k all in.

Planning to hit 100k NW at 28 (shortly after finishing my MBA)

30: $200k. Should be a manager for a year or two, so I'll be able to save a lot more for retirement and will likely get a house at this point.

35: $500k. I'm an agressive saver, and am conservative when forcasting when I'll hit promos. I hope to get to director around this time, but am not forecasting it.

40: $1MM. This been my goal for a while- hit a million by 40.

50: $2.5MM. It's more realistic to hit director in my 40s, but if that happens in my 30s then these numbers will hopefully be a lot higher. I haven't even made a model that assumes I hit VP at any point.

65: $8MM. Comfortable retirement, hope to be a snowbird. Hope to only pull 50-100k from my nestegg yearly and will either leave plenty to my family, or get a sweet yacht. Depends on how much of a late-life crisis I have.

The big unknowns to this are if I decide to be an entrepreneur, or if I get some real estate on the side. As a true FP&A guy I like to sandbag my forecasts as long as they still land me in a comfortable spot.

By 40, Be divorced and live in a van down by the river.

25 (today): $110k
Own condo w/ ~$90k in equity. Renting for a 1 year. Covering 90% of costs (ptax/utilities/etc.). Have ~$20k in the bank.

30: $250k
Assuming salary goes up by ~$10k/year and I save 20%/year, that's $65k in savings. Equity in condo increased to ~$260k. So, extra $170 + $65 + original $20 = $255

35: tough to say w/ wife + kids a factor. Probably making $200k to $250k/year. Probably have to buy a house (HCOL city), so townhouse more likely really.

40: $1 M liquid? Equity in house probably another $1 M

45: $3M
Ideally at this point have financial flexibility to be investing in RE

60: $10M

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Shit there are some rich 25yo on this board.

I'm 27 now with a NW of $200k. Hoping to hit $700k by 35 and use this as seed money invested indexes. Then exit the soul sucking world of RE high finance and break even in a career that I feel like I'm positively impacting people. Planning on working, hopefully with increased flexibility, until I physically can't.

8 figure net worth by age 40. It won't be easy but I know I can do it if I just keep trucking along.

I gave up on specific goals. There's so much randomness and luck involved if your not following a beaten path, especially in volatile industries.

There was a guy I had dinner with that worked at ServiceNow pre-ipo and said if he had held his stock until now he'd have 20 mil or so.

Instead he used it to buy a house in the south of france in cash.

It's nice to have goals. My nephew who is 16 listens to a youtube video everyday before going to bed saying "I have a billion dollar in my bank account" - or some other vapid bull shit.
Good on him - but it's not helping him with his grades or getting there in the first place.

Money goal are not great, as they are just empty - better put career goals in place. Or having done a deal by age x etc... That's more concrete. Your ex-wife will take most of your networth anyways at some point if you marry the wrong woman.

What is everyone's liquid net worth to to walk away from your 9-5 and say forget it? I'm not an RE guy but all this RE you guys plan to own sounds like a lot of work to me. I'm talking about truly having enough cash and low touch cash generating investments to stop grinding and find a job you enjoy that is pretty much only to keep you busy and makes your life somewhat normal to your kids. I know a couple of guys who are in their 40s who have enough to walk away and are sick of it, and basically keep going to work so their kids understand some value of hard work, now these guys are not grinding like they used to and are basically waiting to get laid off. I'm thinking 10MM by 40 assuming a normal lifestyle (kids, house, etc.) and you can walk away.

10 by 30

50 by 40

100 by 50

Die at a billion

When I was younger, I used to make goals like this. Now, my goal is simple - live below my means and put the excess (minus some emergency funds that stay in very liquid and stable assets) into the market.

Einstein supposedly said that compound interest is the "eighth wonder of the world."

A dramatic (but not completely far-fetched) example: $100,000 turns into approximately $100,000,000 if you can compound at 18.85% for 40 years.

That's only possible if you are Warren Buffet, you say?

Not necessarily, in fact, since you are managing much smaller amounts of money in your personal portfolio, you could potentially make even greater returns, but let's say you compounded at just 11.7% for 40 years instead (the return of the S&P 500 over the last 40 years with dividends reinvested) - you end up with ~8.3 million

The takeaway - live below your means, put the excess in the market, and let the magic of compound interest do it's thing. The sooner you start the better.

Currently 30 with ~$750k. Kids and wedding are cleared.

Targets:
-35: $2-3m
-40: $5-10m
-45: $15-20m
-50: $25-30m

Planning to reach targets mainly due to bonuses (100% going towards investments), carry and shares at corporate level of my firm. We'll see how it goes.

30 : with ~1m$, savings/bonuses + 5k startup investment that became 450k
35 : 2-3m$, more bonuses and potential exit on the startup at another x2-3
43 : 5-6m$, leave finance after 20y with all the deferred. Chill.

You know what I don't get? How someone who is 40 can have four kids, a wife who doesn't work (teaches yoga for her Westport moms during her free time and trying to make a business out of it when we know it's more a cult following), live in a three million dollar house in Westport and commute an hour and a half to the city on train. Yes, I know plenty of traders who live like this, well exactly like this (Credit Trader at JPM), cough... how much money does someone have to be bringing in annually?

Pretty interesting to see the difference between Europe and the US when it comes to net worth. Overall, looks like it is much easier to build your net worth quickly in the US, but certain life events (e.g. Illness, higher education, divorce...) can and will make you burn a lot of cash quickly while education and health care tend to be "relatively" cheap here.

Hard to run a like-for-like comparison between Europe and the US for the reasons mentioned above, not to mention that on average real estate is way more expensive across Europe (aside from NYC, SF and a few other cities), marginal tax rate is rarely below 50% for top earners (> $125-175k) and kicks in pretty quickly making it very difficult to save a lot of money, high COL, and there are few(er) or no tax efficient investments.

In a previous message, I shared with WSO the net worth of a few investment bankers after a decade on the Street or in the City. Below is an average for someone who worked in IBD for a few years and then decided to move to a small PE fund, a Tech company or a MM advisory firm. This excludes options / sweet equity / (potential) carry / inherited money.

25: average net worth anywhere between $(45)k and $25k. Keep in my that most European people tend to join the job market around 23-25yo
30: average net worth of $150-350k
35: average net worth of $300-650k
40: average net worth of $400k-$1.3m (you can see the impact of kids, first divorce, mortgage repayment, etc)

This is for illustrative purposes only, but should give you a pretty good idea of the net worth of c.20 people around me now based in London / Milan / Paris / Madrid / Stockholm

Hope this is helpful.
Camondo

$13k at age 24.

I expect to be in the $50-60k range at 25 from maxing out 401k, Roth IRA, and HSA.

I expect to then invest $60-100k annually collectively with GF from there-on with about $60k into tax-advantaged accounts.

I'm 20 and I have about 382.90 in my checkings account, I have $75 in a vanguard account, $195 in a TD Ameritrade account.... I'm starting a job at TD bank and hoping to dump my earnings in mutual funds i vanguard. i don't know what my net worth goal is, should I?

I come from nothing. I send my mother $1k a month and my father $1k a month. They are divorced.

Unfortunately, that means for my analyst years I was operating cash flow negative.

I am 25. My goal by 30 is to be debt-free and have $150k in assets.

By 35, my goal is to hit $500k. By 40 $1.5mn.

I am fortunate in one respect - my father has 3 brothers that have paid off their houses, all on Long Island (each worth $500k+). I will inherit each of their assets. This combined with my own savings will put me in a strong financial position by the time I turn 40. If I hit my target of $1.5mn saved in my own right + my inheritance from my uncles and appreciation in the valuation of their assets, I should be worth about $4mn at 40. From there, life happens. I hope to have kids and a family before I turn 40. At a minimal return of 3% per year in dividends, I should be able to generate $120k a year off of my assets, which I can reinvest.

I am 23. I am a PE associate. I structure deals and monitor portfolio companies. My responsibility at the firm is growing quickly. Came from humble beginnings and never lost the hustle.

My net worth objective by age 25 is $1.0MM.
My net worth objective by age 30 is $10.0MM.

You may ask how I made this possible, I would be glad to elaborate.

28: $1,000,000

.

Currently 26 @ net worth of ~$170k

Assuming investments grow at a nominal 6% y/y, my NW Goals are :

27: $200k

30: $300 - 350k

35: $500 - 600k

40: $1.0mm

50: $2 - $2.5mm

25 sitting on 25 mill

Amusing number of people with amusingly aggressive goals. For RE professionals, very few of us seem to have a clear-eyed view of career trajectory in this industry.

I am older than most of you on the board, but follow as a hobby and use what I learn as a part-time investor. This piqued my interest so thought i would share my story and how it has gone for me.

Came from nothing and joined the military at 17. Military paid for my college education and got out to get an MBA which was largely paid for by a good fellowship and veterans benefits. Second Master's Degree (non-business) paid for by company after working 10yrs. Thus I never had any college debt which was a huge advantage compared to many of you who have posted..

Technical background and save most of what I earn which is well above average but not stratospheric. Personally invest my savings with little outside help.

First $1M saved at 35 and that was by far the hardest.

Currently 50 with a net worth of $7M and no debt. Goal of $14M by 65.

The keys for me and for anyone willing to listen:

1. "It's not what you earn, but what you keep" Save as much as you possibly can and invest it wisely.
2. Marry the love of your life and, more importantly, don't get divorced. Divorce is very expensive as I see from many of my friends.
3. Take advantage of every tax break possible. 529 for kids college, IRA's. backdoor Roth IRA's, etc.
4. Don't think of cars as an investment--ever. Drive your car for at least 10 years and don't be ashamed. OK to buy a new car, but keep it rather than churning every few years.
5. Buy an appropriate home that is less than you can afford. Seek out good locations with good school districts that make it easy to sell. McMansions come with big loans and high taxes. Take care of your house and make it look great, but don't be embarrassed with not keeping up with your friends.
6. Take great vacations and don't feel guilty for spending on the experience.

Just my thoughts on this topic.

Ooohhh I'm liking this thread:

Currently 27:
50-60K in investments / employment retirement.
Bought multi family investment property @ 26 worth 465K.
Currently look at a flip that will hopefully net an additional 200K

Only 1K left in student loans.

And this is all without a stress inducing job on Wall Street. You guys are giving half of that away to the gov't and killing yourselves in the process, be wolves, not sheep.

But 50% of you just want to flex at Nobu for the gram, so to those, I pity you.

Might be a little more modest compared to some monkeys on here, but currently making 60k all-in for context...

Net worth of zero by age 26, 100k by 30, 300k by 35, 500k by 40, 1 million by 45, and 1 million relatively liquid by 50.

I think it's somewhat conservative on the whole but pretty aggressive between 35-45. I read that once you hit 300k in the market it snowballs much more quickly and your contributions matter not as much.

45 3mm (preparing for retirement with Investments in real estate and living comfortably)
50 4mm (semi-retired with real estate passive income)
70 6mm (retired, no real estate passive income or fully operated by 3rd party property managers)

Looks like a lot of you are planning on winning the lottery.

I'm in IB, not RE, but here is how it's actually played out for me. Got into banking late, average bonuses, above average but not extravagant spending for my income, rode the market like everyone else, but no major home run investments, wife and kids in the rear view mirror..

22: ($30,000)
25: 0
27: $150k
30: $400k
32: $700k
35: $1.6m

Hope to hit $3mm by 40 and get out

Currently 22, Finishing Undergrad
Net Worth: $130K~

You might wonder, how did I accumulate so much while only in undergrad?

Simple. My parents paid for my college and rent. My dad built me some equity in his business (for tax reasons) where I receive ~$2K monthly cash flow .

I also did multiple internships at technology company which paid insane monthly sums for interns, but it's primarily from my parents.

Looking at the long-term I want to use an FHA long to possibly purchase a 4-plex, and then maybe BRRRR some houses and maybe get into multifamily value-add.

Hopefully, but age 30 I have leveraged $2M cash into $10M worth of real estate investments.

Currently 21, turning 22 in a few months. NW:$60k. I went to my local flagship state school that 40k for all four years. Luckily my parents paid for it which is very nice. after my IB stint I want to work at multi manager so I don't necessarily have Nw goals given I save and invest over 50% of my take home pay.

26, my current net worth is like... $3k? Aiming to reach $50k by 30, MBA, $200k by 35, $1M by 40.

Planning to be just south of $1m by 30. Planning farther than that right now is kind of pointless since I could get some blockbuster real estate deals at 40% IRRs or sit on a savings account for three years at 2%. Gonna take a break ~30 to travel for a year or two, though, and then reevaluate my goals. Net worth isn't the primary motivator for me - my motivators are being able to develop/redevelop interesting real estate projects, travel, and not deal with office BS.

This thread has been a fascinating read. Long time lurker here...in fact, back in college I aspired to be a wall-streeter or fellow Excel monkey.

I am 29. Graduated school with 80k in student loan debt. At age 22 got a job at a fixed income life insurance fixed income fund in their real estate group making $60k annually. I lived with mom and dad to assist in my paying off of debt.

Worked from 7-7 at the fund, and worked from 8-2 on my real estate portfolio. Just overall worked a shitload and when I was 23 I didn't have anything else to do. It paid off.

I now own my own real estate investment shop with 11 employees located in a midwestern city. I am worth just shy of $2.5mm and will likely realize some gains by YE 2020 to get to $3mm or just shy. The real estate market being on fire, coupled with low interest rates, has been incredibly beneficial to me. Just plain luck.

I live in a $500k house that is paid for, have another $1.5mm in paid for, cash-flowing real estate, and about $500k in cash for a rainy day. I have an incredibly boring investment strategy and like predictable cash flow. No leverage.

For those looking to have a balance sheet of net $1mm by the time you are 30--it is ENTIRELY possible. Quit buying dumb shit to impress people you don't like.

Be well!

I am currently 25 (bday tomorrow so really 26), two semesters of my MBA left. Current Networth:

Retirement Accounts: $25K

Savings: $5K

I owned a house in a tier 12 city, but sold it to pay for my MBA because it was too far for me to feel comfortable maintaining. I have no debt, but not a ton else. I work in PE at the same time, but in the EU and so my income isn't that crazy. I got married this year as well, and don't plan on having kids for about 5 years. Unfortunately because I didn't work IB/PE pre-MBA I was makin sub-$100k so savings weren't too high prior to studies.

My goals:

26 - $30K; get a job post-grad hoping for a combined income of $200k w/ wifey

30 - $300k-$400k+ with maxing 401k + $20k-$25k in taxable a year at 7% roi per annum
35- $1m - if I'm successful within my firm and my wife has moved up as well

50 - $5m-$7m - hoping to have 3+ properties invested in

55 - retired and hopefully if all goes well between $7m - $10m

This is obviously best case scenario, but this is what I have modeled out.

Any advice on anyways I could start a side hustle now to improve my outlook?

Really impressive what some of the RE guys in here are doing. Makes me second guess some of my career choices...

Dropping in with another PE perspective:

After my 2 years banking + 3 PE associate years I'll be at about $450-$500k in a year depending on how investments do. Big question then is whether I do MBA or not. Assuming I don't:

30: 1M
40: 4M
50: 10M
55: 15M

Massive scale back how much time i put into work somewhere in the 10M-15M range and then enjoy some time with my family / spend it all.

Hoping by age 35 and moving forward I'm saving 150k of income per year on average (will be bumpy of course) and making 7% on my investment portfolio over the long haul. Seems doable but probably an above average outcome for where I'm at.

If I do MBA everything gets backed up 3 years.

currently 25 with NW north of 500k. Goal is to get 100M at 35

Ok, so are we putting in inheritance? (cause then I am doing real great at 19)

Yeah... net worth can say a lot about a man, but should we focus just on the money or is the idea were pushing here more important than the money itself. Your business could experience a "boom" sometimes in later stages. Few years may be like suffering but you just might have a late bloomer on your hands. I'd just like to be no ones slave modernly called a "employee", and to have control over myself, I don't care when it explodes as long as it is a decent amount of money where I can afford some expensive trips or some good looking car I'm fine with it. Money is only a number, money not spent is wasted. Regarding all this I'd say 300000$ at 30, 700000$ at 40 and from there I would go for a million by my 65th circle around the sun.

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