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re: 401K millionaire check-in
Posted on 8/11/26 at 9:59 am to ClientNumber9
Posted on 8/11/26 at 9:59 am to ClientNumber9
Not quite there with the 401K, however over 12 years at my company with $100,000 RSU's annual vested, vested portfolio value ~ 7% compound $997,405, unvested pipeline value $200,000, total equity net worth $1,197,405, as a senior software engineering manager.
Posted on 8/11/26 at 10:09 am to ClientNumber9
401k / Wife 457 / Wife 403b : $1,121,629
IRAs: $46,000
Taxable: $95,000
Pension Estimate at retirement: $70,000 / year
42 & 41. Want to be out at 60.
IRAs: $46,000
Taxable: $95,000
Pension Estimate at retirement: $70,000 / year
42 & 41. Want to be out at 60.
Posted on 8/11/26 at 10:13 am to ClientNumber9
200k in IRA
300k in Taxable
36 years old with a wife. How am I doing?
300k in Taxable
36 years old with a wife. How am I doing?
Posted on 8/11/26 at 11:19 am to TheWiz
Aim for 55…5 years of financial life freedom worth more than $ saved from 55-60. My opinion only. Unlikely to up your retirement lifestyle that much.
And then, if you wish, work to 60. But give yourself the option to eject at 55. Rule of 55 may be your friend.
Pump that taxable once tax shelter reaches breakeven: tax deferred = taxable. Taxable gives you options even earlier than 55. 72t may be your friend.
You are doing great! Keep it up.
PS, that pension is worth north of $1 million (the present value of cash flows - like giving you and your wife a fund earning 4-5% per year…to draw $70k er year). Huge floor and optionality provider should you wish to stop investing early or eject early.
And then, if you wish, work to 60. But give yourself the option to eject at 55. Rule of 55 may be your friend.
Pump that taxable once tax shelter reaches breakeven: tax deferred = taxable. Taxable gives you options even earlier than 55. 72t may be your friend.
You are doing great! Keep it up.
PS, that pension is worth north of $1 million (the present value of cash flows - like giving you and your wife a fund earning 4-5% per year…to draw $70k er year). Huge floor and optionality provider should you wish to stop investing early or eject early.
This post was edited on 8/11/26 at 11:27 am
Posted on 8/11/26 at 11:42 am to Everyday Is Saturday
Yes, thank you. I have been eyeing options. The 457 gives us some early access optionality too.
Posted on 8/11/26 at 12:05 pm to ClientNumber9
quote:
I think to really be comfortable
You have ~75 years for your consciousness to exist outside of an eternity of oblivion and your goal is to be comfortable?
Posted on 8/11/26 at 12:59 pm to Rize
I started late into investing with my company till many years after I started. i only have right at 180k in mine, BUT i will be 50 in October and my job is pretty easy - I can do it for the next 15 or so years and have no issues - plus it is a WFH job with no travel.
Posted on 8/14/26 at 7:53 am to Grievous Angel
quote:
little over 3M including the 401k plus other after-tax brokerages and accounts.
Started at basically zero out of college, but with no debt.
I don't buy the nicest cars. I drive them a long time. I've lived in my house since 2000 and haven't upgraded...
Been fortunate with a few individual stock picks too. Working for 30 years now.
No inheritances thus far.
All of this sounds like me.... just made 2MM at 25 yrs. How long did it take you to get from 2-3MM?
Posted on 8/14/26 at 8:44 am to ClientNumber9
First wife and health near death crisis of one of my children took mine away, but I have the best wife ever and can hug and hold my adult child today.
"What does it profit a man to gain the whole world and yet lose his own soul?"
"What does it profit a man to gain the whole world and yet lose his own soul?"
Posted on 8/14/26 at 8:53 am to 756
quote:
First wife and health near death crisis of one of my children took mine away, but I have the best wife ever and can hug and hold my adult child today.
"What does it profit a man to gain the whole world and yet lose his own soul?"
I think tis is a perfect example of why we need safety nets like social security .
Many of us might get wiped out in divorce.. or have our business go under.. or have a child at death's door, while navigating an expensive scam of a healthcare industry... Ive seen many here say that if you're not set with multiple millions at retirement , "it's your own damn fault !!!'.. Sometimes it is, but sometimes ya just cant predict what life might throw at you... and sometimes life doesnt give a shite about your ideology.. There but for the grace of god .............
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