Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Am I doomed? 48 only 100k in 401k"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s never too late! That 100k will be 400k by the time you are 62. Keep adding to it as much as you can now. Don’t compare yourself to the DCUM posters - they are either really in the top 1 percent or just liars. [/quote] Is it really that big of an increase... I'm ahead of the OP, and am hoping that's true, but there is a lot of heavy propaganda constantly telling you that if you don't have 4x times your income when you 44 (or whatever) that you're basically going to live in a cardboard box in your old age. [/quote] I just looked back at my balance history. In 2015 my 401k was at 131K and now, just 10 years later am currently at 784k (contributing the max each year with a 5% match) Obviously its unlikely that the stock market will continue to grow at that pace indefinitely, but once you hit a certain threshold the power of compound interest really is amazing.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
