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[quote=Anonymous]We were adding up 401ks this weekend. My wife who last worked in 2000 we got a 401k statement last week, I dont think we saw one in a decade. She left workforce at 35. Well it was 1.3 million.

She put in around 2k a year for 15 years and got 100 percent match. So her 30K investment is now 1.3 million. Which means even SAHMs with low paid jobs who quit at 33-35 for good are not millionaires on their way to be multimillinaires by retirement.

BTW with rule of 7 money doubling every year the amounts you put in early before 35 is a huge impact. 
in 1986 a new college graduates puts 2k in 401k with match is 4k 
in 1993 it becomes 8k
in 2000 becomes 16k
2007 becomes 32k
2014 becomes 64k
2021 becomes 128K
2028 becomes 256K
2035 becomes 512k
2042 when person is 77 that 2k is now worth $1,024,,000
at 84 is $2,048,000
at 91 is $4,096,000
at 98 is $8,192,000

Can you imagine investing $2,000 at 21 and somehow when you die a it is worth $8,192,000

It is why old people are rich.               [/quote]

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