Comments on: Here’s How Long it Has Historically Taken to Save $1 Million https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/ Sharing insights on how to grow wealth and gain freedom. Mon, 21 Oct 2019 20:35:18 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/#comment-3177 Wed, 28 Feb 2018 13:11:03 +0000 https://fourpillarfreedom.com/?p=28068#comment-3177 In reply to Greg.

Thanks, Greg! The 6 year span occurred three times -> 1992 – 1997, 1993 – 1998, 1994 – 1999. The stock market returns in the 90’s were insane.

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By: Greg https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/#comment-3138 Sat, 24 Feb 2018 23:53:59 +0000 https://fourpillarfreedom.com/?p=28068#comment-3138 In reply to Greg.

also, what was the 6 year span to get to 1 million?

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By: Greg https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/#comment-3137 Sat, 24 Feb 2018 23:49:01 +0000 https://fourpillarfreedom.com/?p=28068#comment-3137 This was such a great post. Congrats on a presenting such an important topic in a concise way – and with real data!

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By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/#comment-2466 Thu, 01 Feb 2018 16:33:31 +0000 https://fourpillarfreedom.com/?p=28068#comment-2466 In reply to Miss Balance.

Thank you, glad you found it to be valuable! 🙂

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By: How a Non-Rich Person Started Investing, and Why You Should Start, Too | THE LUXE STRATEGIST https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/#comment-2441 Wed, 31 Jan 2018 11:47:03 +0000 https://fourpillarfreedom.com/?p=28068#comment-2441 […] cribbed this chart from my friend Zach’s blog, Four Pillar Freedom, which shows how long it can take to accumulate a million dollars. Notice how it takes about 7 […]

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By: Miss Balance https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/#comment-2425 Tue, 30 Jan 2018 20:08:16 +0000 https://fourpillarfreedom.com/?p=28068#comment-2425 This is absolutely fantastic and I really appreciate all the effort that went into researching and then explaining in an easy to understand way. Pretty graphs are always a winner.
As always, I’m in awe.
Have a great day ?

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By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/#comment-2407 Mon, 29 Jan 2018 23:27:47 +0000 https://fourpillarfreedom.com/?p=28068#comment-2407 In reply to Menard Solve.

Thanks, Menard! Congrats on reaching $1M, that is impressive considering all of those factors you listed. I’m guessing the 15-20% gross income contributions to tax advantaged accounts combined with the bull market we have experienced over the last decade certainly made a huge difference. That’s great to hear you were able to travel abroad as well, it sounds like you enjoyed yourselves on the journey to $1M 🙂

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By: Kirk Taylor https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/#comment-2378 Sun, 28 Jan 2018 17:15:09 +0000 https://fourpillarfreedom.com/?p=28068#comment-2378 In reply to Menard Solve.

Good Lord Menard,
Considering those obligations you mentioned you did an amazing job of accumulating wealth. Kudos!

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By: Menard Solve https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/#comment-2377 Sun, 28 Jan 2018 15:23:09 +0000 https://fourpillarfreedom.com/?p=28068#comment-2377 Great analysis, Zach… As for us, it took 15 years. We’re a couple with relatively good income, around $150K on average. We’ve contributed %15 to %20 of our gross income in tax-advantaged retirement accounts. Our portfolio reached 1M (excluding our primary home) last year in spite of:
– supporting 7 people
– the 2009 Great Depression
– frequent travels abroad
– having to cash flow in full my son’s college tuition.

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By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/heres-how-long-it-has-historically-taken-to-save-1-million/#comment-2146 Wed, 17 Jan 2018 17:19:24 +0000 https://fourpillarfreedom.com/?p=28068#comment-2146 In reply to Kirk.

Thanks, Kirk! Best of luck in your financial journey!

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