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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here, thanks all for the many useful responses, particularly the wall street journal article. I must say I'm baffled by the folks that have $400k, $700k, or $1MM+ in their 401ks. I've maxed out for almost my entire working life (with a couple years out for grad school) and am no where in that ball park!![/quote] How old are you? I'm 46 and have been putting money in a 401(k) for 20 years now. I have $580,000. I have maxed out each year starting with 1992.[/quote] How is that possible? You should have way more than that if you’ve maxed out every year for 20 years. Did you not invest it? Maybe are you defining maxing out as getting your maximum company match rather than the ~$23,000 per year? Also 1992 was more than 20 years ago. [/quote]
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