Those that have $100,000…how long did it take to get there and what is your plan now?

I’m a 26 year old long term investor. My Roth IRA and taxable account are 100% VOO.

The total balance between the two is currently just over $42k.

I don’t plan on cashing out anytime soon, not until at least 25 years I’m assuming.

I’m a beginner when it comes to investing, yet from what I’ve read I think I have the right idea. While my plan isn’t perfect, supposedly it’s a great long term plan compared to many.

I have a physical job and dream of one day just not having to work anymore

I’ve seen that $100,000 is a “magic” number to get to, as far as when the returns start to really get noticed thanks to it being a high amount (at least to me). As far as how 10% of $1 is a measly $0.10. 10% of $100 is $10. Etc, everyone knows the higher amount the better. The sooner the better ideally.

Literally doing nothing and making over $10k and even more just seems incredible.

Those that are there, what’s it like?

When will you be able to live off of it despite any downturns?

I’m thinking if someone has $1,000,000 and it drops to $800,000….big deal?

Obviously it’s noticeable but I mean if they spend $50k per year, that’s plenty of time for it to recover and continue to grow.

Is anyone out there doing this?

Any advice for someone relatively young?