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Apr 16, 2014
9:16
:27
am
Florwood
After the difficulties of 2008-2010, you might be just getting back to 11k now.
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Florwood
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Florwood
Joined
Mar 10, 2010
Last login
Apr 29, 2024
Total posts
26,593 (74 FO)
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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.
BIG XII Coug
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
frontrowcougar
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
frontrowcougar
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
frontrowcougar
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.
frontrowcougar
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?
frontrowcougar
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
frontrowcougar
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
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