There are fed employees on reddit with $1M+ 401K balances at 42
| Maize degenerate heaven | 05/05/24 | | Filthy immigrant | 05/05/24 | | galvanic dysfunction sneaky criminal | 05/05/24 | | internet-worthy casino | 05/05/24 | | chrome demanding ceo | 05/05/24 | | sienna odious cruise ship gay wizard | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | Seedy tanning salon | 05/05/24 | | sienna odious cruise ship gay wizard | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | sienna odious cruise ship gay wizard | 05/05/24 | | Seedy tanning salon | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | razzle-dazzle faggotry mother | 05/05/24 | | Seedy tanning salon | 05/05/24 | | Curious wagecucks hell | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | emerald boltzmann | 05/05/24 | | Seedy tanning salon | 05/05/24 | | Tripping Underhanded Abode | 05/05/24 | | Tripping Underhanded Abode | 05/05/24 | | Self-centered fishy pocket flask | 05/05/24 | | Olive friendly grandma halford | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | Olive friendly grandma halford | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | Olive friendly grandma halford | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | Olive friendly grandma halford | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | Olive friendly grandma halford | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | cordovan soggy jap | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | avocado learning disabled shrine circlehead | 05/06/24 | | passionate rose stag film | 05/05/24 | | emerald boltzmann | 05/05/24 | | passionate rose stag film | 05/05/24 | | Silver Razzmatazz Theater Stage Legal Warrant | 05/05/24 | | cordovan soggy jap | 05/05/24 | | Silver Razzmatazz Theater Stage Legal Warrant | 05/05/24 | | vigorous station sex offender | 05/05/24 | | Wine menage becky | 05/05/24 | | orange temple fortuitous meteor | 05/05/24 | | Seedy tanning salon | 05/05/24 | | translucent nibblets | 05/05/24 | | appetizing sexy affirmative action | 05/05/24 | | translucent nibblets | 05/05/24 | | cowardly very tactful space | 05/05/24 | | appetizing sexy affirmative action | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | wonderful garnet really tough guy | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | Canary aphrodisiac parlor | 05/05/24 | | Tripping Underhanded Abode | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | Tripping Underhanded Abode | 05/05/24 | | vigorous station sex offender | 05/05/24 | | dun church | 05/05/24 | | cordovan soggy jap | 05/05/24 | | Lake effete milk roommate | 05/05/24 | | avocado learning disabled shrine circlehead | 05/05/24 | | Lake effete milk roommate | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | pearly exciting lay | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | pearly exciting lay | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | pearly exciting lay | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | shimmering razzle church building | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | shimmering razzle church building | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | shimmering razzle church building | 05/05/24 | | pearly exciting lay | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | pearly exciting lay | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | pearly exciting lay | 05/05/24 | | shimmering razzle church building | 05/05/24 | | dashing orchid gas station | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | dun church | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | pearly exciting lay | 05/05/24 | | shimmering razzle church building | 05/05/24 | | Rambunctious Onyx Resort Depressive | 05/05/24 | | Maize degenerate heaven | 05/05/24 | | henna pit patrolman | 05/05/24 |
Poast new message in this thread
Date: May 5th, 2024 11:25 AM Author: orange temple fortuitous meteor
Wouldn't it be hard to max 401k in your 20s/30s if you're a lowly Fed? Even GS-13s are around 100-120k today and most feds make less than that. And they still have to save for a down, have kids and all that.
Don't doubt that even putting aside 10k in the market every year for the last 20 years accumulates a great deal. But suspect there's extenuating factors allowing these lowly Feds to max retirement from an early age.
(http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636932) |
Date: May 5th, 2024 11:56 AM Author: Tripping Underhanded Abode
Using a basic calculator https://www.bankrate.com/banking/savings/simple-savings-calculator/
An initial 1k deposit plus another 1k per month for 20 years you need 12.7% to hit 1M. Hard to do but not impossible.
(http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637005) |
Date: May 5th, 2024 3:22 PM Author: dun church
Means almost nothing.
$1 million today is the equivalent to $500k in the 90s and $100k in the 60s.
(http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637519) |
|
Date: May 5th, 2024 4:42 PM Author: pearly exciting lay
"a rural ARE country"
smart!
no you dont shithead you're still stuck in zogbot hell
enjoy!
(http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637783) |
|
Date: May 5th, 2024 4:19 PM Author: dun church
I did the math and someone who started working in 2003 would have about $1.2 million if they contributed the max each year and invested in SPY. This is assuming a worst case scenario of contributing everything at the very end of each calendar year (realistically, most workers front load so the actual total would be higher).
year, contribution, SPY return, portfolio total
2003 12000 0 $12,000.00
2004 13000 10.7 $26,284.00
2005 14000 4.83 $41,553.52
2006 15000 15.85 $63,139.75
2007 15500 5.14 $81,885.13
2008 15500 -36.81 $67,243.22
2009 16500 26.37 $101,475.25
2010 16500 15.06 $133,257.42
2011 16500 1.89 $152,275.99
2012 17000 15.99 $193,624.92
2013 17500 32.31 $273,685.13
2014 17500 13.46 $328,023.15
2015 18000 1.25 $350,123.44
2016 18000 12 $410,138.25
2017 18000 21.7 $517,138.25
2018 18500 -4.56 $512,056.75
2019 19000 31.22 $690,920.87
2020 19500 18.37 $837,343.03
2021 19500 28.75 $1,097,579.15
2022 20500 -18.19 $918,429.50
2023 22500 26.1 $1,180,639.60
(http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637705) |
|
|