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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]BTW my wife I think has the most impressive 401K of anyone I every met. She worked from June 1986 to January 2001. Same company. She put 2k a year in the 401k. around 28k. Her current balance is $425,000. It shows power of compounding and match. She got matched the 2k. And some of her earlier money was when DJIA was between 2k and 4k in the late 80s and early 90s. It is 28k today. So a single 2k deposit in 1998 is worth around 55k today. She left her 401K with old company when she left in 2001 to be a SAHM. In 2036 when she starts using it there will be 50 years of compounding on first 401K deposit [/quote]
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