On a scale of 1 to 10, how likely are you to be a millionaire?

[james.hendrickson]

On a scale of 1 to 10 (10 being the most likely), how likely is it that you'll be a millionaire one day?

[disneysteve]

10 for us considering that we hit $1 million quite some time ago.

[QuarterMillionMan]

At 56 currently $850,000 net worth but with a possible recession and God willing 6 more years of work until retirement, maybe a "5."

[disneysteve]

At 56 currently $850,000 net worth but with a possible recession and God willing 6 more years of work until retirement, maybe a "5."

You're way higher than a 5 with those numbers. Even a 5% return (which you could just about get in bonds and CDs today) and no additional contributions will have you over a million in 4 years. Assuming you are continuing to put money away, you'll likely be there even sooner. I'd put you at a 10 for sure.

[Drake3287]

I've been a 10 for awhile and it feels no different from when I was a 5. You might want to change this question to a multi-millionare, too easy to have 1 million these days compared to years ago.

[kork13]

I guess a 10... We hit our first million back in 2019. Last I checked (July), we were around $1.5M.

I think anyone actively & deliberately saving would be at least a 7+, while 5 might be saving a bit here or there but not serious/intentional about it. 3 or below would be deeply in debt and/or living beyond your means.

In that scale... I expect most folks around here on the boards would be in the 6-10 range.

[rennigade]

I'm guessing majority of people that post here are millionaires already.

[QuarterMillionMan]

Any projections when, how close or how far into the future, 2030, 2040, 7999, etc (lol).

[james.hendrickson]

Any projections when, how close or how far into the future, 2030, 2040, 7999, etc (lol).

I think I could manage it by retirement...so in 15 years.

[scfr]

Why do you ask?

[james.hendrickson]

Why do you ask?

Why? Pretty much just for fun. I also wanted to get a gauge of how well people are doing here on the forums.

[ua_guy]

We’ve already passed that milestone. It’s an ambitious goal and a huge chunk of money, but in high cost of living area it’s easy to have that much into a primary residence and still need to go to work everyday and worry about retirement. Same hell, different scale.

[Drake3287]

Why? Pretty much just for fun. I also wanted to get a gauge of how well people are doing here on the forums.

I think you'll find most people on these financial forums already tend to be financially comfortable. Unfortunately the ones that need to be on these forums seldom pop up for advise which is unfortunate. I always enjoy reading the posts from beginners looking to improve their financial outlook.

[jenn_jenn]

I’ll say 9.5

I won’t consider ourselves millionaires until we have $2M because there are 2 of us. For us to each be millionaires, we need to each have $1M if we were to divide it evenly even if it’s all our combined money.

I’m confident we’ll get there, we’re just not there yet

[riverwed070707]

10... I'm not there yet, especially with the market down this year and having moved to part-time work but with ~$750k NW at 36 I don't have any doubt I'll make it. FWIW my NW is 50/50 real estate and cash investments