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RaginCajun87
New Orleans Saints Fan
Member since Jul 2013
295 posts

At what point and age did your 401k really start to grow?
What amount of money did you have in your account and at what age did you really start to see you 401k grow?

Without being too specific I am between 25-30 with 15-20k in my 401k. I put 10% into my 401k with 3% employer match with Wells Fargo. Lately I've been seeing it grow or lose a couple hundred each day depending on the market of course.


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
45933 posts
 Online 

re: At what point and age did your 401k really start to grow?
quote:

Lately I've been seeing it grow or lose a couple hundred each day depending on the market of course.

Don't Check it every day


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290
jimbeam
USA Fan
University of LSU
Member since Oct 2011
45815 posts

re: At what point and age did your 401k really start to grow?
You won't see that vertical trend you're talking about until around 40. compound is a matter of time


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170
Teddy Ruxpin
LSU Fan
Austin, TX
Member since Oct 2006
30570 posts
 Online 

re: At what point and age did your 401k really start to grow?
Let me warn you now that it's never enough. Due to some great opportunities that hopefully stay on track into the future we'll put away numbers that will make 59 1/2 worry free. More than I could have projected just 1 or 2 years ago.

And you know what? All I do is calculate how I can get there 5, 10, even 15 years faster.
This post was edited on 9/13 at 4:51 pm


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41
foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
36919 posts

re: At what point and age did your 401k really start to grow?
Max your contributions, rebalance occasionally, and otherwise ignore it.

One day 10-15 years from now you'll be rebalancing it and suddenly realize you actually have a good chunk of money saved.


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110
Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
9204 posts

re: At what point and age did your 401k really start to grow?
It's less how much and more how long. Based on the projections I've seen, it's all about piling in as much money as you can for 15-20 years. That's when it generally starts taking off.


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50
Creamer
LSU Fan
louisiana
Member since Jul 2010
2740 posts

re: At what point and age did your 401k really start to grow?
As soon as i hit $70k the market jumped, within a couple of weeks my 401k hit $100k and has been fun to watch ever since.


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90
PolyPusher86
LSU Fan
St. George
Member since Jun 2010
2498 posts

re: At what point and age did your 401k really start to grow?
When I hit 100k a few years ago, it really started to take off. But the dips are larger as well. I'm younger so I can recover the losses. Just hope the market is doing well when I get in my 50's and ready to retire


Texastiger2207
Member since Aug 2017
52 posts

re: At what point and age did your 401k really start to grow?
That first 100k was the hardest felt like it would never get there. you wont see it really take off till you hit the 500K mark.


lynxcat
Rutgers Fan
Member since Jan 2008
18720 posts

re: At what point and age did your 401k really start to grow?
Yeah, I was thinking the $500k mark is a good line in the sand.

An easy way for me to dimensionalize it is to imagine 10% annual returns. Even at $100K, the $10K in returns isn't so dramatic. At $500K you would be earning $50K annually which "feels" like a number that really starts compounding quite rapidly.

Again, there is no right answer here and it is only your personal view.


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22
poochie
LSU Fan
Houma, la
Member since Apr 2007
3467 posts

re: At what point and age did your 401k really start to grow?
37. just starting to see it move.

fwiw, i check the balances every month but rarely ever make changes.

going back and looking at it, i was seeing the same percentages (up and down) for years, i guess now there's more meat on the bone and the dollar figure changes are more evident.


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10
MSTiger33
LSU Fan
New York City
Member since Oct 2007
13775 posts

re: At what point and age did your 401k really start to grow?
Next year. That is when I qualify for my profit share and employer contribution. Going to be close to that max $53k annual contribution


bobaftt1212
Virginia Tech Fan
Hills of TN
Member since Mar 2013
1160 posts

re: At what point and age did your 401k really start to grow?
When trump was elected. I am up 18% since the election


Twenty 49
LSU Fan
Shreveport
Member since Jun 2014
7803 posts

re: At what point and age did your 401k really start to grow?
Maxed out and checked it once a year for rebalancing. It had grown pretty good from the 90s until the hit in 2008 knocked it down. Under the Obama years, it got it all back and doubled into a nice chunk.

Still going well under Trump so far. Waiting for the inevitable correction but will ride it out,


stevengtiger
LSU Fan
Member since Jul 2013
2627 posts

re: At what point and age did your 401k really start to grow?
I am having the same issues as the OP as far as not seeing much movement but know it will just take time. IMO, 401K is just one of those financial rules you follow and it will pay off over the on long term. Set it up, get a company match and check it every other month or so. Ride out any downturns while your young and never stop investing.

FWIW, I am currently at 14% return from 1-1-2017!


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RedStickBR
LSU Fan
Member since Sep 2009
12459 posts

re: At what point and age did your 401k really start to grow?
My 401k investing plan:

(1) Retirement date fund

(2) Contribute 8% with 6% match from employer

(3) Forget about it


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20
purplengold98
LSU Fan
Baton Rouge, LA
Member since Aug 2004
239 posts

re: At what point and age did your 401k really start to grow?
I think what you're referring to is the "exponential curve"... While mine has steadily increased and I'm not complaining, I'm in my 40's and have yet to see that extreme curve. I've been making max contributions for nearly 20 years. I'm thinking this must not happen until I get well into my 50's or maybe longer.

Like others have said, don't check it too often, re-balance every so often and just keep diligently contributing and collecting your employer match.


Oenophile Brah
LSU Fan
The Edge of Sanity
Member since Jan 2013
7263 posts

re: At what point and age did your 401k really start to grow?
quote:

I'm in my 40's and have yet to see that extreme curve. I've been making max contributions for nearly 20 years. I'm thinking this must not happen until I get well into my 50's or maybe longer.

You've been maxing for nearly 20 years and haven't seen the extreme growth? You couldn't have missed the run since 2008. You should be sitting pretty??? You should have jumped a ton in the past 24 months with the amount of weight you have in the market??


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20
BayouNation
New Orleans Saints Fan
Member since Sep 2008
1076 posts
 Online 

re: At what point and age did your 401k really start to grow?
quote:

I think what you're referring to is the "exponential curve"... While mine has steadily increased and I'm not complaining, I'm in my 40's and have yet to see that extreme curve. I've been making max contributions for nearly 20 years. I'm thinking this must not happen until I get well into my 50's or maybe longer.

Like others have said, don't check it too often, re-balance every so often and just keep diligently contributing and collecting your employer match.


Your returns haven't been spectacular since 2008? That's where my curve took off!


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20
Gorilla Ball
LSU Fan
Gonzales, LA.
Member since Feb 2006
5045 posts

re: At what point and age did your 401k really start to grow?
I started at 18, didn't really notice the big jumps till about 35 and 45 and early 50's - the nice big jump


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