Reply to What amount did you have in retirement at age 40/a decade ago and where are you now?

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Reply to "What amount did you have in retirement at age 40/a decade ago and where are you now?"

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[quote=Anonymous][quote=Anonymous]Wow this is turning out to be a normal money and finance thread! [/quote]

Op here — let’s keep it going, these days points are really helpful. Mine: year end 2009 (age 29) ~38k. Year end 2019 (age 39) ~475k. Lots of ups and downs in these 10 years. While we’ve had huge market growth, from 2009-2013 I maxed out to the IRS max but with 0% match as was standard in that industry. Then came 18 mos of unemployment, no contributions obviously. And then in these last 4.5 yrs I’ve ended up in a job with an 8% match. Yet the job is otherwise terrible and I’m not building my career upwards so while I’m maxing out to 19k and grabbing the match, I know it isn’t forever and I’ll need to head back to the 0 match industry. But I will say the approximately 55k this employer has put in in 4.5 yrs has changed everything - growth has come so much faster that it did when I had no match. Interesting to see everyone’s trajectory over 10 yrs. I can’t imagine remains this strong for a second consecutive decade but people here have done well across decades even when markets weren’t always roaring so hope that continues. The thing I’ve never looked into - IRAs - was always just focused on the 401k. That’s what I need to look into next.[/quote]

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