There are fed employees on reddit with $1M+ 401K balances at 42
| adulterous base | 05/05/24 | | Zippy wrinkle | 05/05/24 | | ruby trump supporter | 05/05/24 | | hilarious deer antler persian | 05/05/24 | | internet-worthy jew cuckoldry | 05/05/24 | | up-to-no-good nighttime antidepressant drug | 05/05/24 | | adulterous base | 05/05/24 | | Odious Olive National Faggot Firefighter | 05/05/24 | | up-to-no-good nighttime antidepressant drug | 05/05/24 | | adulterous base | 05/05/24 | | up-to-no-good nighttime antidepressant drug | 05/05/24 | | Odious Olive National Faggot Firefighter | 05/05/24 | | adulterous base | 05/05/24 | | Frum Bistre Menage Twinkling Uncleanness | 05/05/24 | | Odious Olive National Faggot Firefighter | 05/05/24 | | splenetic indigo sanctuary | 05/05/24 | | adulterous base | 05/05/24 | | Sadistic Glittery Sweet Tailpipe Business Firm | 05/05/24 | | Odious Olive National Faggot Firefighter | 05/05/24 | | bisexual vigorous yarmulke half-breed | 05/05/24 | | bisexual vigorous yarmulke half-breed | 05/05/24 | | Charismatic slap-happy location | 05/05/24 | | spectacular turdskin | 05/05/24 | | adulterous base | 05/05/24 | | spectacular turdskin | 05/05/24 | | adulterous base | 05/05/24 | | spectacular turdskin | 05/05/24 | | adulterous base | 05/05/24 | | spectacular turdskin | 05/05/24 | | adulterous base | 05/05/24 | | spectacular turdskin | 05/05/24 | | adulterous base | 05/05/24 | | bright boyish meetinghouse nowag | 05/05/24 | | adulterous base | 05/05/24 | | Purple windowlicker nibblets | 05/06/24 | | Comical Locale | 05/05/24 | | Sadistic Glittery Sweet Tailpipe Business Firm | 05/05/24 | | Comical Locale | 05/05/24 | | Concupiscible mad cow disease | 05/05/24 | | bright boyish meetinghouse nowag | 05/05/24 | | Concupiscible mad cow disease | 05/05/24 | | Twisted lodge pozpig | 05/05/24 | | beady-eyed institution | 05/05/24 | | Cordovan razzle point | 05/05/24 | | Odious Olive National Faggot Firefighter | 05/05/24 | | autistic electric address love of her life | 05/05/24 | | Well-lubricated azure gay wizard feces | 05/05/24 | | autistic electric address love of her life | 05/05/24 | | Impertinent Obsidian Den | 05/05/24 | | Well-lubricated azure gay wizard feces | 05/05/24 | | adulterous base | 05/05/24 | | soggy unhinged french chef university | 05/05/24 | | adulterous base | 05/05/24 | | vermilion hairraiser spot international law enforcement agency | 05/05/24 | | bisexual vigorous yarmulke half-breed | 05/05/24 | | adulterous base | 05/05/24 | | bisexual vigorous yarmulke half-breed | 05/05/24 | | Twisted lodge pozpig | 05/05/24 | | bronze wonderful corner | 05/05/24 | | bright boyish meetinghouse nowag | 05/05/24 | | Galvanic nudist parlor | 05/05/24 | | Purple windowlicker nibblets | 05/05/24 | | Galvanic nudist parlor | 05/05/24 | | adulterous base | 05/05/24 | | Hideous Electric Furnace | 05/05/24 | | adulterous base | 05/05/24 | | Hideous Electric Furnace | 05/05/24 | | adulterous base | 05/05/24 | | Hideous Electric Furnace | 05/05/24 | | adulterous base | 05/05/24 | | anal brunch patrolman | 05/05/24 | | adulterous base | 05/05/24 | | anal brunch patrolman | 05/05/24 | | adulterous base | 05/05/24 | | anal brunch patrolman | 05/05/24 | | Hideous Electric Furnace | 05/05/24 | | adulterous base | 05/05/24 | | Hideous Electric Furnace | 05/05/24 | | adulterous base | 05/05/24 | | Hideous Electric Furnace | 05/05/24 | | anal brunch patrolman | 05/05/24 | | slimy bat shit crazy toaster brethren | 05/05/24 | | adulterous base | 05/05/24 | | bronze wonderful corner | 05/05/24 | | adulterous base | 05/05/24 | | Hideous Electric Furnace | 05/05/24 | | anal brunch patrolman | 05/05/24 | | Bull headed affirmative action hell | 05/05/24 | | adulterous base | 05/05/24 | | Vibrant newt | 05/05/24 |
Poast new message in this thread
Date: May 5th, 2024 11:25 AM Author: Cordovan razzle point
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: bisexual vigorous yarmulke half-breed
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: bronze wonderful corner
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: Hideous Electric Furnace
"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: bronze wonderful corner
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) |
|
|