I only started reloading last year, I haven't broken even, but I would say, if you're into shooting, and are thinking about reloading, just do it.
I did it because 10mm is pretty pricey, but I shoot mostly 9mm. Reusing brass (I've found that for my mild loads, you can reuse pistol brass almost indefinitely), I've calculated that I'm around $4.50 for 50 rounds, using x-treme bullets copper plated 115gr round nose bullets.
I've found that you really don't have to spend much on equipment to start reloading. Lee's smaller turret models have a good track record. I splurged a little and went with the Hornady Lock N Load AP. With 9mm and 10mm/40S&W dies and a bunch of other accessories, I think I finished up around $600. I had stuff like calipers and a scale already. I added dies for 45 ACP a few months later, I think it cost about $60 total since I needed to get a different shell holder specialized for my press. If I went with a single stage or Lee Turret, I think I could have done it for under $250. I think the next step up, at least from what I was researching, you could go to an Dillon unit which would probably get you to $1,000.
If I only shot 9mm, it would take about 6,000 rounds for me to break even. I don't even shoot that much, but I know I'll eventually shoot that much, even if it takes a couple years. and at that point, I'd be paying myself to shoot
However, the price difference is much larger for 10mm, where the payback would be after 2,000 rounds.
I had an extra incentive to start reloading though, there are no online vendors that would ship ammo to an address in Chicago, so I was stuck shipping to a friend or family's house. In addition, there's an ammo tax of $0.05 per round of centerfire ($0.02/rd rimfire) if I purchased locally, so the payback is even faster for me.
I don't honestly think that I shoot much more than I did before I started reloading, I just do it for cheaper.
If you're thinking about it, and can afford the initial costs of the equipment, I say, just do it.
I did it because 10mm is pretty pricey, but I shoot mostly 9mm. Reusing brass (I've found that for my mild loads, you can reuse pistol brass almost indefinitely), I've calculated that I'm around $4.50 for 50 rounds, using x-treme bullets copper plated 115gr round nose bullets.
I've found that you really don't have to spend much on equipment to start reloading. Lee's smaller turret models have a good track record. I splurged a little and went with the Hornady Lock N Load AP. With 9mm and 10mm/40S&W dies and a bunch of other accessories, I think I finished up around $600. I had stuff like calipers and a scale already. I added dies for 45 ACP a few months later, I think it cost about $60 total since I needed to get a different shell holder specialized for my press. If I went with a single stage or Lee Turret, I think I could have done it for under $250. I think the next step up, at least from what I was researching, you could go to an Dillon unit which would probably get you to $1,000.
If I only shot 9mm, it would take about 6,000 rounds for me to break even. I don't even shoot that much, but I know I'll eventually shoot that much, even if it takes a couple years. and at that point, I'd be paying myself to shoot
I had an extra incentive to start reloading though, there are no online vendors that would ship ammo to an address in Chicago, so I was stuck shipping to a friend or family's house. In addition, there's an ammo tax of $0.05 per round of centerfire ($0.02/rd rimfire) if I purchased locally, so the payback is even faster for me.
I don't honestly think that I shoot much more than I did before I started reloading, I just do it for cheaper.
If you're thinking about it, and can afford the initial costs of the equipment, I say, just do it.