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re: Where should my 401k be at my age?
Posted on 7/12/17 at 3:58 pm to Epic Cajun
Posted on 7/12/17 at 3:58 pm to Epic Cajun
quote:
It's also ridiculous if you went to graduate school, or have increased your salary greatly by the time you are 30. I'm not the most frugal person in the world, but there is no way that I'd be able to have 1x my salary saved by the time I turn 30. (I'm 29)
Yep. I went to grad school. Started working at 24. Have increased close to tripled my salary since then. At 31, I don't have 1X my salary yet.
3
Posted on 7/12/17 at 4:15 pm to lnomm34
quote:
Yep. I went to grad school. Started working at 24. Have increased close to tripled my salary since then. At 31, I don't have 1X my salary yet.
I'm in a very similar situation. I'm not quite jumping off of a bridge
Posted on 7/12/17 at 9:08 pm to lnomm34
quote:
I don't have 1X my salary yet.
Here's to you never having 1x your salary because your raises far outpace your annual contributions.
Like some one said later, I'm more interested in multiples on my expenses vs income but maybe that is because I expect to reduce expenses as I age (paid off house, no more kids college, etc.) but increase annual income.
Posted on 7/13/17 at 4:02 pm to lnomm34
quote:
Yep. I went to grad school. Started working at 24. Have increased close to tripled my salary since then. At 31, I don't have 1X my salary yet.
I went to grad school and didn't start my career job until 29. Also no where close to 1x my salary at 30
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