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What's a good amount of money to have in your 401K at age 30? Genuinely curious

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The general advice I’ve heard is that you should have about 1x your annual salary in your retirement account by age 30

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likehelpful
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Literally no way I could have a year salary in my 401k by 30... yikes

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Here we go again 🙄

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Could someone give a real answer that at least helps OP think through it? Op as one datapoint I am 33 and have about $175k. But started making decent money at 28 post mba so didn’t contribute much before that. And had huge loans so wasn’t putting in as much as I could till now.

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Thanks for some insight McK, much appreciated!

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.

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^ 🙄

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likefunny
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33 about $100k as well

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2M

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5 M

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Over 9000

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As A1 and some others said, 1x your salary at age 30 is a good sign you're on the right track and a good rule of thumb. I'm 28 with ~$110k

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$5m

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$8M

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Have ~220k in mine at 33

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26 and I have 3.5k 🤪

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I got 60k ⚰️

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28, I have around 120K in it. Haven’t really maxed out until this year, but have always had a solid employer match.

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definitely at least 1 USD

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I’m 31 with ~175k for another data point OP.

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1x current salary. So about 150-240k or so. Don’t stress if you’re behind just max out from now on

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Yes maxing out is hitting the contribution limit in a given year. I think 19.5k this year.

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1M

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As much as you can

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$600k

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