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Reply to "Tell me how much you have saved in your 401K at age 40."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How are people building such large 401k balances for those ages given the annual contribution limits? Even with high market returns it doesn't seem to add up. Maybe it's generous employer match??[/quote] I'm early 40s with 500k. I don't max out (used to). Govt matching.[/quote] I'm 38 and have $500k +/- $25k. I have been maxing out since age 30 and coming close before that. I remember when the max was $13k. I get a 3% match and an annual profit sharing contribution. I have a diversified mix of low cost Vangaurd funds balanced annually. [/quote]
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