At what age did you reach the $50K and $100K mark in your 401(K)? | TigerDroppings.com

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stendulkar
LSU Fan
Member since Aug 2012
439 posts

At what age did you reach the $50K and $100K mark in your 401(K)?


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?






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Crimsonsaint24
Alabama Fan
Alabama
Member since Jul 2011
549 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


I am at 26,000 dollars in my 401k I am 25 years old I have been with my company for 6 years





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LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
21095 posts
 Online 

re: At what age did you reach the $50K and $100K mark in your 401(K)?


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.





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mctiger1985
LSU Fan
Baton Rouge
Member since Oct 2009
1396 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


I'm 27, been working for 6 years and am at $45,000... so hopefully soon





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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
6207 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


30 for 100k, then again at 34

Edit: IRA



This post was edited on 2/1 at 7:00 am


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lynxcat
Rutgers Fan
Member since Jan 2008
14351 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


401k is a relatively small piece of my overall networth, so it isn't reflective of anything right now.





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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
32067 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


Almost all my investments are in real estate. I'm almost 30 and don't have 50k in my 401k





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KG6
LSU Fan
Member since Aug 2009
2338 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


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


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Dan
LSU Fan
Houston
Member since Dec 2006
2187 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


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


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meldawg399
LSU Fan
nola
Member since Oct 2008
903 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


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


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BigBoyTiger
LSU Fan
Chicago
Member since Aug 2005
8751 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


Hit $100,000 at 30. I'm 31 and at $120,000. Save 17% of my income into the 401k.





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TulaneUVA
USA Fan
Member since Jun 2005
20438 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


Y'all need to check out this thread.

LINK






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Cold Pizza
Ohio State Fan
Member since Sep 2011
7639 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


$50k around 24. IIRC, I crossed $100k twice.





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polizei11
LSU Fan
Lafayette
Member since May 2009
938 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


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.





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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
15645 posts
 Online 

re: At what age did you reach the $50K and $100K mark in your 401(K)?


quote:

stendulkar



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


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PetreauxCat
LSU Fan
TX
Member since May 2009
516 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


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?





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Bayou Tiger
LSU Fan
The Woodlands, TX
Member since Nov 2003
3234 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


24 & 27





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hiltacular
Georgia Tech Fan
FILA
Member since Jan 2011
8623 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


quote:

$50k around 24. IIRC, I crossed $100k twice.

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






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BigBoyTiger
LSU Fan
Chicago
Member since Aug 2005
8751 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


Minimum person contribution is 17.5 this year. Employer can put in anything above that.





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CptRusty
New Orleans Saints Fan
We are the ones who knock
Member since Aug 2011
4196 posts

re: At what age did you reach the $50K and $100K mark in your 401(K)?


50k @ 30

Started working at 25. Only contributed 5% for the first few year

Wish I would have maxed out earlier.






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