> FWIW, there is the command emacs-init-time in lisp/time.el which
> reports to 1 d.p. the number of seconds it took load one's init
> files.

Of course. That is what I use to measure my init-file loading time,
but it's also useful to know how long it really takes when you account
for loading Emacs itself, and all that. For this, I use:

$ time emacs -nw --eval "(kill-emacs)"