Milestone: Hit seven figures in retirement savings

[Anonymous]

Early 40s. I've maxed out my 401k every year since I graduated law school, and most years I've had a 3% match. As of last night, I am officially a 401k millionaire (the aggregate of my current 401k plus a rollover IRA just passed a million). Feels good! Thanks for letting me share - I don't have anyone I want to share this news with in the real world.

[Anonymous]

Congrats and stay the course. Remember it’s not unusual to drop back below a threshold but at your age you have plenty of time to recover

[Anonymous]

Congrats!!!

[Anonymous]

Great job!

[Anonymous]

Congrats. Keep at it and max it every year.

[Anonymous]

My husband did this in his early 30s. But good for you! You are getting there.

[Anonymous]

Congrats! First mil is the hardest. Hope many more mils coming your way!!

[Anonymous]

Congrats OP! Well done! I’m also a lawyer and grew up in a family with little financial education. I put very small amounts into my 401K for years and never got the full match until recently when I decided to learn about investing and take some control. I wish I had known what you knew from the get go! Keep it up!

[Anonymous]

Anonymous wrote:My husband did this in his early 30s. But good for you! You are getting there.

Not a race pp

[Anonymous]

Anonymous wrote:My husband did this in his early 30s. But good for you! You are getting there.

And you? Nothing?

DH and I also hit this milestone- were equals.

[Anonymous]

Anonymous wrote:Congrats OP! Well done! I’m also a lawyer and grew up in a family with little financial education. I put very small amounts into my 401K for years and never got the full match until recently when I decided to learn about investing and take some control. I wish I had known what you knew from the get go! Keep it up!

I think most of us lawyers are bit behind because we lost 3 years of investing in our twenties to law school. The difference between maxing out at 22 and 25/26 is actually quite big when you factor in compoud interest.

I was lucky that my parents advised me to max out my 401k when I started my first job. It was a big leg up.

[Anonymous]

Anonymous wrote:My husband did this in his early 30s. But good for you! You are getting there.

lol. Your husband did. Not you. Loser. OP is way ahead of YOU.

[Anonymous]

To OP congratulations!

[Anonymous]

OP here. To the husband posters, mine has the same or more than I do in retirement savings. We don't check in much regarding our retirement accounts. We butt heads over finances, so over the years, we've evolved into having a joint checking account, and we own our home as JTWROS, but we keep everything else separate. Our brokerage accounts are even separate. It was a necessary compromise for us.

[Anonymous]

Congrats. I did this in my early 20s inside a Roth IRA. Picked the right stock at the right time. Uncle Sam won’t be getting a dime.