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| At what age did you reach the $50K and $100K mark in your 401(K)? Posted by stendulkar I just crossed the $50K mark and am wondering at what age you crossed this mark and after how many years of working full time? on 2/1 at 1:18 amReply • Back to Top |
| I am at 26,000 dollars in my 401k I am 25 years old I have been with my company for 6 years Reply • Back to Top |
| I am at about $9,000, have been with my company 18 months, and am 23. I'd be happy to have around $100k when I am 30. Reply • Back to Top |
| I'm 27, been working for 6 years and am at $45,000... so hopefully soon Reply • Back to Top |
30 for 100k, then again at 34  Edit: IRA This post was edited on 2/1 at 7:00 am Reply • Back to Top |
| 401k is a relatively small piece of my overall networth, so it isn't reflective of anything right now. Reply • Back to Top |
| Almost all my investments are in real estate. I'm almost 30 and don't have 50k in my 401k Reply • Back to Top |
| I'm 26 and at 35k in my 401k, 5,500 in Roth IRA. I have a good bit in investments that i really need to start transferring to the Roth each year. This post was edited on 2/1 at 8:53 am Reply • Back to Top |
Well.. just to make any lurkers feel better.. 27 w/ only 13K  been working 3.5 yrs I put my contributions way down 2 yrs ago to save cash for a down payment, though. My company does not match. We profit share instead, which is independent of my own contributions. Not sure if that was smart or not, but I do have a ton of cash ready to go. This post was edited on 2/1 at 8:49 am Reply • Back to Top |
29 I think. At 30, I currently have an IRA from my former employer's 401K worth $22.6K and my current employer's 401k account is $46K. When I sstarted my new job, I had to wait 6 months to start contributing again. My company use to match 50% of 6% but a year ago increased it to 100% of 6%  I have a handful of other investments I'm into too. ETA: 29 for the $50K mark....haven't hit $100K in retirement yet, This post was edited on 2/1 at 8:58 am Reply • Back to Top |
| Hit $100,000 at 30. I'm 31 and at $120,000. Save 17% of my income into the 401k. Reply • Back to Top |
Y'all need to check out this thread.  LINK Reply • Back to Top |
$50k around 24. IIRC, I crossed $100k twice.  Reply • Back to Top |
| I'm at 34k at 24. Bought a house last June. Had 5k in my 401k from internships in June 2011. Should hit 100k at 26-27. Reply • Back to Top |
quote: irrelevant to me, it depends if those numbers are important to you and if the 401k is your main focus of investing. I did not make jack(by my standards and probably most others) until i was 34. That was 8 years ago. circumstances are different for everyone. I had a 401k in the past and cashed out (paid taxes and penalties as i never thought i would be an employee again and I had no roth then nor thought about rolling it over as I needed the money anyway). After that I mainly did contract work through my S-corp. Now i have a roth ira and a 401k again but i just max the roth and only put in the match on the 401k. most all my extra money now goes towards RE. A better gauge would be one's net worth/financial independence IMO. This post was edited on 2/1 at 10:05 am Reply • Back to Top |
| Question that wasn't answered in the other thread. 401k contributions max out at 16.5k, but that is only your contribution right? Ex. If I make 100k and put in 10% my company can match that 10% correct? Reply • Back to Top |
| 24 & 27 Reply • Back to Top |
quote: You crossed $100k before 24? Can't you only put in 16.5K/yr? Damn what job were you working at 18? Serious question haha Reply • Back to Top |
| Minimum person contribution is 17.5 this year. Employer can put in anything above that. Reply • Back to Top |
| 50k @ 30 Started working at 25. Only contributed 5% for the first few year Wish I would have maxed out earlier. Reply • Back to Top • Refresh |
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