How long does it take to get the first $100k?

As Charlie Munger said, getting the first $100k is a b*tch, but once you cross that threshold, your savings begin to do the heavy lifting for you. Notice in the chart above that it takes 7 – 8 years to save the first $100k no matter what annual interest rate your savings grows at.

Should you invest your first $100,000?

For instance, if you are starting from scratch, investing your first $100,000 can seem extraordinarily difficult. But reaching this milestone is the most important because building wealth can be much easier once you get there. The reason? Compound interest. If you keep your money invested, it will grow at an increasing rate.

How long does it take to save $100K?

Notice in the chart above that it takes 7 – 8 years to save the first $100k no matter what annual interest rate your savings grows at. This is because the amount you save matters far more than your investment returns when you’re just starting out.