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][quote=Anonymous]What numbers would need to be posted for this thread to longer be “normal” ?[/quote]

By my quick skim of the posts only 1 person has $1 million in their 401k, that’s not common for a DCUM Money and Finance thread (even for posters under 50).  Usually the posters under $1 million are in the minority.   [/quote]

One million for one person is a lot. Many couples have over one million.

Back in day you could not put as much in 401k. As recently as 2002 It was only 11k a year and in 1980s around 7k a year. The 401k catch up for folks over 50 did not start till 2001.

They jacked it up to $16,500 in 2009 so folks who maxed out last ten years had huge market gains, larger limits and catch up.

That said I have always contributed and I have Four 401k. Did not combine 
225k
250k
750k
150k

So I have $1,475,000 in my 401ks.

I did not do max or close to max till 2007. But did max last 12 years all equities and catch up last 9 years where bulk of gains came.

My wife is a SAHM but she has 500k from legacy 401k

So we should hit two million combined in a few months [/quote]

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