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Just a chill improbable bordering on impossible $1600000k 401k balance
Poast new message in this thread
Date: July 6th, 2024 6:48 PM Author: big idea he suggested halford What? It’s perfectly believable. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815802) |
Date: July 6th, 2024 6:48 PM Author: Histrionic garrison What's your balance again, champ? (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815803) |
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Date: July 6th, 2024 6:50 PM Author: big idea he suggested halford I have like 3 401000Ks from various employers, plus an IRA, plus an HSA. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815809) |
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Date: July 6th, 2024 6:52 PM Author: Histrionic garrison Can an HSA pay for a Hair Transplant? What's your Balance? And your Net Worth? (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815818) |
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Date: July 6th, 2024 6:54 PM Author: big idea he suggested halford I don’t have to answer these questions. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815823) |
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Date: July 6th, 2024 8:01 PM Author: hideous keepsake machete IRL lmao’ing (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815996) |
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Date: July 6th, 2024 8:05 PM Author: Histrionic garrison (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816007) |
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Date: July 6th, 2024 6:49 PM Author: Flirting Misanthropic State Useless Brakes partners can allegedly contribute 60k a year (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815805) |
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Date: July 6th, 2024 6:50 PM Author: Marvelous Magical New Version Lay just let the half century old lawyers make up some shit to impress the profoundly mentally ill and credulous post-wall dog woman, okay? (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815812) |
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Date: July 6th, 2024 7:28 PM Author: big idea he suggested halford what a joke (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815918) |
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Date: July 6th, 2024 7:31 PM Author: excitant opaque market boistinker OYT is maf at those of us who will retire with $8m plus in 401k balances alone (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815924) |
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Date: July 6th, 2024 7:56 PM Author: Histrionic garrison His Lost years were during the nadir of the stock market. He had No Job and No 401k. He fucked himself out of 10x gains heretofore. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47815988) |
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Date: July 6th, 2024 8:29 PM Author: excitant opaque market boistinker It’s weird that he thinks it’s impossible to have a large 401k balance. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816063) |
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Date: July 6th, 2024 8:30 PM Author: excitant opaque market boistinker Also I poasted before that my wife and I had around a mil each. Her balance is 850k and mines like 710k. We each have around 100k in Roth balances. I was lumping both together. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816066) |
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Date: July 6th, 2024 9:36 PM Author: Histrionic garrison That’s intellectually dishonest tbh. I don’t blame him. And that’s some major rounding up. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816289) |
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Date: July 6th, 2024 9:46 PM Author: excitant opaque market boistinker the total amount in retirement accounts is like $1.7 million. it'll be over 2 million in a few months.
you otoh are poor. |
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Date: July 6th, 2024 9:47 PM Author: Histrionic garrison How am I poor? Your a joke. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816327) |
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Date: July 6th, 2024 10:00 PM Author: excitant opaque market boistinker aren't you underemployed and make like $20 an hour or something? apologies if i have this wrong. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816359) |
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Date: July 6th, 2024 10:02 PM Author: Black Wrinkle you are correct, cowgod is extremely Poor and still lives off modest Gamestop gains from years ago (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816362) |
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Date: July 6th, 2024 10:38 PM Author: Histrionic garrison I make 0k. I’m not some wagecuck Loser. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816495) |
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Date: July 6th, 2024 10:04 PM Author: Adulterous menage just a chill 70% annual return rate in index funds. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816367) |
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Date: July 6th, 2024 10:26 PM Author: excitant opaque market boistinker this place is full of financially retarded people.
$1.9 million with an 8% return, with no additional principal added, will be $8.8 million in 20 years. that return rate might be overly aggressive given that you should be extremely cautious when running these numbers, but i think it's realistic given that the s&p has returned like 10% or more over the last 30 years.
at a minimum, we will continue maxing out retirement accounts for the next 5 years. assuming we do that and then cut off all retirement savings, we'll have just over $10m in 20 years. |
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Date: July 6th, 2024 10:33 PM Author: Adulterous menage and your plan to turn $1.7M into $2M+ in “a few months” is also premised on 8% returns? (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816476) |
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Date: July 6th, 2024 10:48 PM Author: excitant opaque market boistinker i haven't stopped saving yet. between contributions and gains last year, the accounts went up approx 200k.
so assuming returns are similar to last year, we will hit 2 mil if not by the end of the year, early next year. i also have an equity payout coming in feb. that should be more than $150k after taxes are withheld. |
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Date: July 6th, 2024 11:21 PM Author: Histrionic garrison you’re the one being financially retarded atm. SPY is up a stupid amount in the last year+ bc it dumped before that. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816589) |
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Date: July 7th, 2024 12:28 AM Author: Adulterous menage over the course of the next few months, how much in “savings” are you planning to contribute specifically to the tax-advantaged retirement accounts you referenced above and that are the explicit topic of this thread? (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816683) |
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Date: July 6th, 2024 10:45 PM Author: milky telephone 710k isn't really "around" a million. It's closer to half a million. but it's still an impressive amount to have in your 401k, unless you're like 50. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47816506) |
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Date: July 6th, 2024 10:52 PM Author: excitant opaque market boistinker i was conflating the 401k balance with the roth balance. those two added together are $821k. Wife's total adding both accounts is $932k, so the total is $1.7 mil. then we have another ~$80k in taxable index funds and $150k in crypto.
45 years old, so this may seem unimpressive, but our total net worth 10 years ago was about 400k. i got a late start saving. |
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Date: July 9th, 2024 11:34 AM Author: big idea he suggested halford the Lost Years (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47823903) |
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Date: July 10th, 2024 9:45 AM Author: excitant opaque market boistinker i sucked a lot of dicks during that time (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47827230) |
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Date: July 7th, 2024 6:25 PM Author: Marvelous Magical New Version Lay 180 (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#47818319) |
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Date: October 10th, 2024 8:39 AM Author: big idea he suggested halford (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#48183368) |
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Date: June 27th, 2025 6:07 PM Author: big idea he suggested halford (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#49054835) |
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Date: June 27th, 2025 6:08 PM Author: insanely creepy green round eye That was a year ago Champ. Lots of guys here have $2.5M+ in their 401(k) in 2025. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#49054836) |
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Date: June 27th, 2025 6:09 PM Author: big idea he suggested halford I'm not listening to this fuckin crap. (http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2],#49054837) |
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Date: June 27th, 2025 6:13 PM Author: insanely creepy green round eye Vanguard, in its How America Saves 2024 report (based on 2023 data), found that plan participants between the ages of 45 and 54 had an average 401(k) balance of $168,646, with a median balance of $60,763. Those in their late 50s to early 60s had somewhat higher balances, with an average of $244,750 and a median account size of $87,571.
What's surprising about xo posters being 3-4 SDs above average? |
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Date: June 27th, 2025 6:18 PM Author: big idea he suggested halford simply having a 401k in the first place puts you well above the average person. age range of most xo poas is probably right in that 45 to 54 bracket.
the AVERAGE (not median) being $168,646, I suppose it is not at all surprising that xo poas have multi-million dollar balances. I mean how could they not haha. it's elementary Watson. |