Is anyone NOT a 401k millionaire?

[Anonymous]

Anonymous wrote:Wow this post makes me feel like crap. I am 32 and only have $125K in my 401K. I contribute 15%…my income went up almost $100K from 27-32, prior I wasn’t making much…hoping I can catch up.

You’re doing better than most in your age group. There’s nothing to catch up to.

[Anonymous]

Anonymous wrote:

AssClownBoomer wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:OP here. I can’t imagine what it must feel like to be 40, 50, or even 60 years old and to have less than 7 figures saved up for retirement. DH and I are sporting close to $2.5M at 29 years old and we estimate we’ll have about $15M by the time we’re both 40 and be ready for FIRE. Figured this was just normal based on cars people drive, vacations people take, and houses people have compared to us. Guess most boomers are just posers keeping up with the Jones’s.

You talk so much crap.

Werent you saying "sell now" on the other thread a few days ago.

People dont care about your riches lol. We have our own.

Yup!!!!! And the market is down today big time!! Except for me and DH. It’s gonna be a glorious 10 months. Our portfolio will hold strong while all the greedy boomers watch their portfolios tank!

Best to stop looking at your rear view mirror old timer and start watching the road in front of you. I’m not even 30 yo and I’ve already passed you on the highway of life’s accomplishments. Old people should be flushed down a toilet.

The only thing you've passed people here on is the highway of rudeness and arrogance. Good luck with the rest of your life that you need to troll people on an anonymous forum. Did you get that dopamine hit you need to roll your 300lbs ass off your parents basement sofa?

And the market is tanking again!! This time both the Dow and the S&P 500 are down almost 3% in a single day. Yet are our portfolio continues to accelerate. We’re destroying the S&P 500 cuz now we’re all in on cash, money market ETFs, and the undervalued equities that useless old timers were too scared to buy. The FOMO Boomers are soiling their Depends while DH and I are laughing all the way to the bank.

We’ll be thinking about y’all eating canned cat food for Christmas dinner during one of our morning half marathons. Huh, stupidboomersezwut?!?!

That’s sad that you have to make up stories and have such a negative obsession with “boomers”.

[Anonymous]

Definitely this could be done. Starting at 22 invest the max per year with a generous employer match in a plan that allows investment in individual stocks. Then get a copy of Grays Stock Almanac 2000-2050 and go all in on the biggest gainers per year.

[Anonymous]

Anonymous wrote:after the market drop,
my $1m 401k is down to $798k.
easy come, easy go

Same friend. Same.

[Anonymous]

Anonymous wrote:Nice humble brag you spoiled little thing.

lol

[Anonymous]

Read Die with Zero. I 100% agree with maximizing your company match but there are a lot of things you can't do at 60+ experience wise. Don't put everything off for retirement savings. People in their 20s trying to do annual mega backdoor Roth contributions when their incomes are not huge doesn't make sense beyond FIRE.

[Anonymous]

Anonymous wrote:after the market drop,
my $1m 401k is down to $798k.
easy come, easy go

I never had a 401k offered at work. I do have a Roth IRA. I bought my 3rd favorite stock at deep discount yesterday. I had been waiting for it. It went up 24% today. Your $798k would be right back at one million.
I could have never been able to do it in a 401k.
Not interested in the match at all, because it comes with handcuffs.

[Anonymous]

OP, can you please explain the math of how you netted $1M in your 401k in your 20s? The max contribution is $23.5k this year and was less in prior years. I am hoping to learn from you. Please explain.

[Anonymous]

Didn't check this and last week, but probably not anymore!

[Anonymous]

my daughter is 33 this month. she doesn't have a million in 401k, but she does have it in 401k and savings. no house yet.