Can we compare how much 401k balance folks have after years of service?
After 16 years I have managed to save just above a million
17 replies (most recent on top)
7m at 34 years. Did max max contribution even before they invented Roth. Racked up huge AT and converted to Roth in 2010 when they first permitted it. My gen suffered lost decade in stock market which turned out to be a blessing as we jammed money in during the lull and captured the upside later.
13 YEE 650k
Maxed since day 1, not a penny more than that. Never sold, never tried to time the market or anything like that.
25 yrs $3m Maxed it out when I was young.
12.5 years and $620K. Maxed out for a bit more that half of that, but have reduced at times if I needed liquidity for something like a house purchase. Maybe 1/4 ROTH.
20 years 2.2, I know plenty who are over 2 in 20. I am likely NSI if you
Compare by this metric. Was foolish in my selections
@d0 Best scenario was low on XOM before the crash, sell everything as soon as COVID rumors started and buy S&P three months later; go all in on XOM in the 30's and then buy and sell it as it bounced around.
All a gamble. The best bet was just buying XOM while everyone on this board was leaving it for dead.
You seem like the kind of creep who thinks women want to see pics of your ding a ling. They don’t.
@cd Can you explain what you mean by played the Covid crash? Referring to changing your allocations (from large cap/small cap to XOM stock)? I am assuming so since you said you already maxed out your 401k.
@cd COVID was the time to double, triple, quadruple your nest egg but most people at XOM aren't huge risk takers by nature
17 years. $1.5M
looking for a sugar daddy....
25 years, just over $2M
Hired in during '08. I put in everything up to the max for tax protected savings. I played the COVID price crash fairly well. 2026 balance is ~$3M.
Just over a year and I'm looking at 52k.
10 years. Right at 400k (398k to be exact).
Maxed out 20% every year.
Invested in a mix intended to match the total stock market index.
No Exxon stock (which in hindsight hurt my earnings).
Assuming my lower numbers are also related to a lower salary when hired.
27 years, $2.6M but it could easily be a lot higher if I'd gone all in on XOM like I knew I should have in 2020. I think the only way to really get it big is to either have other sources you backdoor into it or be an executive or be active in trading it and getting it right. I've always done 20% of my salary until recently when I brought it down to 15%
I wonder how many people will really be honest here.
It depends on more than just years of service. your salary, contribution %...