[USER]

It took me and my partner 4 years to double 500K. How long will it take to double 1M, if we saved/invested the same?

This is 2 full time jobs – 401K’s, IRA’s and emergency fund. Wishing for a side hustle but not creative enough.

[Dan]

As your net worth increases, your savings rate from your job will matter less and less.

As your net worth really gets up into the millions, it is a lot more about what the market does than the 20 or 30K you add to it.

So, if we have more good years like we’ve had in the last few, you will increase quickly.

Don’t forget, reversion to the mean says at some point this bull market has to end, and you may have to weather a storm.

[Mark]

Money invested in the market (without adding to the principle) doubles roughly every 7 years

[Eva]

I always thought 1M is enough to retire. Can I ask commenters and OP here, what’s your FI number?

I see many here are past 1M and are still working and saving, just curious (I am in HCOL area but don’t spend much despite, but not sure if that’s sustainable long-term)

[Heather]

Depends a lot on the market. this bull market has to end eventually.

And when it does, you would benefit from having a sell plan in place so that you can act at the right time without panic or emotion.

[Jule]

It took us about a year and a half to go from a million to $2M and about a year to go from $2M to $3M.

This included our aggressive saving and investing.

[Author]

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