$2 million. 1st million by 25, 2nd million by 30.

Sign up, and you'll be able to ignore users whose posts you don't want to see. Sign up

Report problem with this ad

Apr 16, 2014
9:13:21am

WDaddy

$2 million. 1st million by 25, 2nd million by 30.

This message has been modified

Originally posted on Apr 16, 2014 at 9:13:21am

Message modified by WDaddy on Apr 16, 2014 at 9:14:44am

Report problem with this ad

WDaddy

Previous username: WeddlesDaddy
Bio page: WDaddy
Joined: Jan 10, 2007
Last login: Apr 19, 2024
Total posts: 66,351 (24,692 FO)

Report problem with this ad

Messages

Author

Time

How much money should a 30-year-old have in his 401(k)?

Ham

4/16/14 8:55am

<< Deleted >>

cvd6262

4/16/14 8:56am

At least $600k.

4/16/14 8:56am

I was personally thinking 800k =\

jota

4/16/14 8:57am

Oh good. Right on track, then.

Ham

4/16/14 8:57am

like 15 bucks

El Joffrey

4/16/14 8:58am

Here's a funny story for you:

deek1906

4/16/14 9:02am

After the difficulties of 2008-2010, you might be just getting back to 11k now.

Florwood

4/16/14 9:16am

By 30, he & spouse (if applicable) should be maxing out 401(k) and IRA

4/16/14 9:03am

maxing out? so 50% of your income?

El Joffrey

4/16/14 9:05am

401k limit is $17,500. IRA limit is $5500. Not talking about profit sharing

4/16/14 9:11am

So, that $17,500 is that the max that you can contribute? or is it total?

deek1906

4/16/14 9:20am

17,500 is what you can contribute. Employer match is on top of that

4/16/14 9:31am

Is that right? I thought it was $17,500 from all sources...

BYUCoug11

4/16/14 10:01am

Limit w/ employer match is over $50K.

4/16/14 10:22am

In 5 yrs (35 y/o) you should have at least your annual salary. At age 45

snowbird

4/16/14 9:06am

I probably could have googled that, but my wife wants me to be more social.

Ham

4/16/14 9:07am

Nice, looks like I'm in the ballpark anyway. Plus I have

Born2Fish

4/16/14 9:15am

I think that is aiming too low. Save 8 times your salary by the time you retire?

4/16/14 9:19am

Shoot for 25 to 33 times your expenses forget about your salary that doesn't

Baron

4/16/14 9:35am

Just remember that your expenses 30 years from now

4/16/14 9:37am

Hopefully in 30 years you don't have a mortgage or car payments though

Big Wally D

4/16/14 9:39am

That ratio takes into inflation. And my real exspenses will be much lower after

Baron

4/16/14 9:51am

I think as long as you have a 401k and are contributing at age 30, you're doing

sortsol

4/16/14 9:07am

$2 million. 1st million by 25, 2nd million by 30.

WDaddy

4/16/14 9:13am

3x Annual Spending

05COUG

4/16/14 9:16am

<< Deleted >>

unctoothman

4/16/14 9:34am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad