azucena
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Post by azucena on Sept 1, 2020 9:37:27 GMT -5
I check accounts once a quarter. For the first time, we've crossed over the $500k retirement milestone. Texted DH and sharing here to celebrate  We're 41 and have been maxing my 401k account for the past 4 years. $750k here we come! |
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jerseygirl
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Post by jerseygirl on Sept 1, 2020 9:57:04 GMT -5
Congratulations!
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resolution
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Post by resolution on Sept 1, 2020 10:07:34 GMT -5
Thats great news!
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Deleted
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Post by Deleted on Sept 1, 2020 10:07:58 GMT -5
Congratulations on achieving this milestone!
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cktc
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Post by cktc on Sept 1, 2020 10:22:36 GMT -5
Yay!
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daisylu
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Post by daisylu on Sept 1, 2020 10:33:56 GMT -5
CONGRATS!
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gs11rmb
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Post by gs11rmb on Sept 1, 2020 11:39:25 GMT -5
Congratulations!
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bookkeeper
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Post by bookkeeper on Sept 1, 2020 11:42:06 GMT -5
Woo Hoo! Congratulations, the first million is the hardest!
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buystoys
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Post by buystoys on Sept 1, 2020 14:38:16 GMT -5
Way to go!
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giramomma
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Post by giramomma on Sept 1, 2020 15:20:25 GMT -5
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Happy prose
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Post by Happy prose on Sept 1, 2020 15:26:35 GMT -5
Congratulations! Keep up the good work!
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tcu2003
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Post by tcu2003 on Sept 1, 2020 22:51:37 GMT -5
Woot woot! Yay for new milestones!!
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janee
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Post by janee on Sept 2, 2020 8:45:58 GMT -5
great news!! It grows quickly once you get a stake going!!
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Ava
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Post by Ava on Sept 2, 2020 8:52:31 GMT -5
Congratulations!!
That's fantastic.
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azucena
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Post by azucena on Sept 2, 2020 11:07:32 GMT -5
Started from 0 in 12/2006
hit 25k 12/2009
hit 100k 12/2013
hit 250k 12/2017
was 390k 12/2019
I've put in approx $150k, my company has put in $90k (401k matching and profit sharing), dividends are $30k, investment gains $120k = 390k
For 2020, I'm on track to max my contribution at 19,500; company on track to contribute $12-13k. The rest between $390k and $450k is the wild stock market ride in 2020.
The 'extra' $50k sits in DH's account that I don't track as closely since it's growing much more slowly with his smaller contributions and no company match.
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jd2005
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Post by jd2005 on Sept 9, 2020 11:22:24 GMT -5
Congratulations!!!!
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justme
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Post by justme on Sept 9, 2020 11:33:05 GMT -5
Started from 0 in 12/2006 hit 25k 12/2009 hit 100k 12/2013 hit 250k 12/2017 was 390k 12/2019 I've put in approx $150k, my company has put in $90k (401k matching and profit sharing), dividends are $30k, investment gains $120k = 390k For 2020, I'm on track to max my contribution at 19,500; company on track to contribute $12-13k. The rest between $390k and $450k is the wild stock market ride in 2020. The 'extra' $50k sits in DH's account that I don't track as closely since it's growing much more slowly with his smaller contributions and no company match. Wow. That's similar to me - just 4 years before me. So cool to see what's likely in my future from you! Congrats! |
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azucena
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Post by azucena on Sept 9, 2020 13:22:51 GMT -5
Yeah, I was hoping it was inspiring and informative and didn't come across as boastful. I continue to marvel at the trajectory.
In part, it's a credit to my earning potential which I worked hard to obtain. I can't overlook the fact that it's also because my husband and I have managed to keep close to our earlier spending and saving habits. I'm mentoring a younger woman at work and keep stressing to her how 'easy' it is to funnel raises into retirement savings so I never got used to them. And every paycheck, I project fwd what we'll need to pay bills with a little extra spending and then funnel the rest directly into savings which arbitrarily makes us feel the pinch of any overspending.
Justme - keep at it and you'll get there!
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justme
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Post by justme on Sept 9, 2020 14:01:01 GMT -5
Thanks!
It's definitely nice to see real instances instead of just an article or something. I'm right on the cusp where I'm gaining more than I put in which is really nice to see. Especially when I sometimes get frustrated that I could save more if not for my mortgage (though then tell myself I'd die if I had a smaller mortgage but lived out where my friend with the smaller one did). I do like how my work automatically enrolls you at 3% and then automatically enrolls you in a yearly 1% increase. I was doing math when I was furloughed - trying to figure out difference between what I make and what UE would give me - and my eyes kinda popped out of my head realizing how much goes in there each month. I started at 5% and I'm now at 13% not including match with the yearly bump coming up next month. Wish I didn't figure it out...so part of my brain isn't like we could have so much fun!!!! lol
That set and forget is key. When I switched jobs the first thing I did was set my % - actually bumped it up a tad because I got a good raise and didn't need all that money. I never saw a "full" paycheck from the job switch so I didn't realize how much I'm putting away a month.
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tskeeter
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Post by tskeeter on Sept 12, 2020 22:53:31 GMT -5
Yeah, I was hoping it was inspiring and informative and didn't come across as boastful. I continue to marvel at the trajectory. In part, it's a credit to my earning potential which I worked hard to obtain. I can't overlook the fact that it's also because my husband and I have managed to keep close to our earlier spending and saving habits. I'm mentoring a younger woman at work and keep stressing to her how 'easy' it is to funnel raises into retirement savings so I never got used to them. And every paycheck, I project fwd what we'll need to pay bills with a little extra spending and then funnel the rest directly into savings which arbitrarily makes us feel the pinch of any overspending. Justme - keep at it and you'll get there! Great strategy to help manage your spending! Congratulations. |
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