Is anyone NOT a 401k millionaire?

[Anonymous]

While I do think it's a troll, in THEORY, with above average growth and maxing the defined contributions limits entirely, he could get there, defintely in combined values as a couple.

The harder part is having a company that will throw in 40K + a year in profit sharing in addition to the employee max

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.morningstar.com/news/marketwatch/20241205305/millennials-are-finally-joining-the-401k-millionaires-club-heres-how-they-got-here

Srsly. DH and I are still in our late 20s and each of us has $1M+ in our 401ks. Is being a millionaire the new lower class?

Unless you started making bank at eight-years-old and maxed out every year after that, I don't see how this is possible.

Agree. Troll.

[Anonymous]

Anonymous wrote:While I do think it's a troll, in THEORY, with above average growth and maxing the defined contributions limits entirely, he could get there, defintely in combined values as a couple.

The harder part is having a company that will throw in 40K + a year in profit sharing in addition to the employee max

Learn to read, bro. He said they each had over $1 million separately. It’s absolutely impossible for two young folks in their 20s to pull that off. Don’t feed the troll.

[Anonymous]

I’m a bitcoin multi-millionaire. 401k, no.

[Anonymous]

Anonymous wrote:OP if you are going to troll, at least educate yourself on the topic first.

+1

But yes, I’m a 401k millionaire in my early 50s.

[Anonymous]

Anonymous wrote:

Anonymous wrote:While I do think it's a troll, in THEORY, with above average growth and maxing the defined contributions limits entirely, he could get there, defintely in combined values as a couple.

The harder part is having a company that will throw in 40K + a year in profit sharing in addition to the employee max

Learn to read, bro. He said they each had over $1 million separately. It’s absolutely impossible for two young folks in their 20s to pull that off. Don’t feed the troll.

It’s possible but very unlikely. If you max out mega backdoor since age 21 and benefitted from the last decade of S&P 500 returns it would get you more or less to 1M.

[Anonymous]

Good lord, no. I don’t have that much but I started mine later.

[Anonymous]

Me either!

[Anonymous]

OP hopefully isn’t as obnoxious in real life as they are on here.

[Anonymous]

Nice humble brag you spoiled little thing.

[Anonymous]

You can only put so much in your 401k each year. Unless you started working and contributing to that 401k when you were 16 - I don't believe you

[Anonymous]

Anonymous wrote:

Anonymous wrote:https://www.morningstar.com/news/marketwatch/20241205305/millennials-are-finally-joining-the-401k-millionaires-club-heres-how-they-got-here

Srsly. DH and I are still in our late 20s and each of us has $1M+ in our 401ks. Is being a millionaire the new lower class?

BS. Troll. Your math doesn't add up.

+1
Idiots

[Anonymous]

46 and not even close to $1m.

[Anonymous]

Lol I’m 35 and have been maxing out my 401k since I was 23/24, with an 8% employer match. I’m not a 401k millionaire and without a very aggressive portfolio don’t understand how anyone younger than I am could be

[Anonymous]

Anonymous wrote:https://www.morningstar.com/news/marketwatch/20241205305/millennials-are-finally-joining-the-401k-millionaires-club-heres-how-they-got-here

Srsly. DH and I are still in our late 20s and each of us has $1M+ in our 401ks. Is being a millionaire the new lower class?

No you don’t.