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Reply to "Only 100k in 401k at 50"
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[quote=Anonymous]Well considering you have 25 years to when RMDs start even if you stopped investing today at 100k at 50 and kept it in Stocks which can double every 7 years you will have: 200k at 57 400k at 64 800K at 71 1.3 million at 75 you are extremely young only 50 meaning born in 1975 you are barely out of diapers. Uncle Same starts catch ups at 50 in the 401k. Which means with retirement at 67 you have 17 years of supersized 401k contributions ahead of you. You can easily put 2 million in by 67 if you do the max and get a good match and do mainly stocks. Work till 70 which is max SS and maybe you get to 3 or 4 million. You are so young to be worried about this. Now go back to your mothers basement and finish your video games. [/quote]
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