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

like
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

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

likehelpful

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

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.

like

Thanks for some insight McK, much appreciated!

like
Recent IconRecent

Here we go again 🙄

likefunny

^ 🙄

likefunny

.

Post Photo
like

2M

like

5 M

like

Over 9000

like

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

like

33 about $100k as well

like

$5m

like

$8M

I got 60k ⚰️

like

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

like

definitely at least 1 USD

like

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

like

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

like

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

Have ~220k in mine at 33

like

26 and I have 3.5k 🤪

like

$600k

1M

As much as you can

Related Posts

Arkansas has 3 bed 2 bath homes for < 200k. I'm moving

like

Read an interesting piece today via ATL about falling weed prices and lower-than-expected corporate earnings. Really curious to see how trends continue to play out

like

I'm from Baltimore, and lately, we have had a crazy buying spree, I mean I have sold the same property 2 times in less than 2 weeks, and the person who bought it immediately put it on the market and made an average of $25k in less than 5 days. Many reports show that investing in Baltimore and Philadelphia is the future, I don't doubt it. What is the fastest you have ever resold a property?

like

Hi guys, do we need approval for stock trading in EY GDS?

like

Anyone use BrainHQ and can speak to its benefits? I’ve been reading about it and doing the free daily challenges but now considering the subscription.

like

I’m currently a maxed out GS-15 Step 10. Masters degree is Electrical/Computer Engineering, but now a Program Manager for a high visibility area. I have 10 years to reach full retirement age (57). Why do I feel like I’m limiting myself? What would the pros and cons be of seeking private industry employment at this point? What would an equivalent salary be taking into account pension, etc? Anyone else been in, or is in this situation?

like

With interest rates between 6.5% and 7.5%, it is safe to say that buyers are slowing down in their search.

I am a real estate agent who is in the process of closing on her first home. We offered $15k under list and asked for closing costs to be paid for. Granted, this is in a very small rural town; however, just know... If you have been looking for a home for the last 2 years and have not had great luck, now is the time to take advantage of the changing market. You can refi when rates drop.

like

Hi KPMG folks, what are your benefits like? PTO, Gym reimbursement, cell phone service, tax prep software reimbursement, etc? Do you shut down for X-mass and July 4th? Thank you for the info!

like

Rolex Cosmograph Daytona M116508-0004

Considering buying this for myself. Is $36,650 (plus tax) too much? Would you?

Post Photo
like

What is your investment preference: S&P 500 ETF or Berkshire B? And why?

like

Survey Question: What do you consider making a lot of money? $100k, $200k?

likehelpful

Looking for names of some effective financial/investment planners. Any suggestions? Plz give only the ones u hv worked with or experienced!

like

My ctc shows 10lpa + 20lac esops. But I'm not sure if I'll get this 20lac stocks for free or do i need to buy them by paying? Distribution is 4lac per year for 4 years. Pls explain.

like

Moving back to the US from abroad - where should a family of four buy a house with an easy commute to Penn Staton?

like

Spouse and I have a combined income of around $300k and about $250k of savings. What price house can we afford in the Bay Area? Looking for at least 3 bedrooms and totally ok with the burbs!

So I work for a multimillion dollar company
Here’s my dilemma. I started as a temp in the traffic department as a scheduler in April of 2021. I was making 44K a year with ZERO benefits.
I applied for a different position in logistics and got the job! BUT is came with a HUGE pay cut. I went from making 44K a year to 32K. I work my butt off and feel like I should be making more for my responsibilities. I’ve only been here a year but I do more than I should.
Is it too soon to renegotiate my pay?

like
like
like

Anyone have confessions about Kaiser Permanente? Looking to apply for a position there, and looking for a way out of my current healthcare position that's run by a corporation. So nervous about going into other large companies but wanted to see if anyone has some insider pros/cons I should consider

like

Anyone here refinance successfully with SOFI after I-140 was approved by I-485 is pending?

like

More Posts

What is everybody’s favorite liquor delivery service?

like

Anyone have a robot vacuum? Are there good ones for ~$300?

like

Need referrals for legal roles in the Big 4. Heard they are aggresively hiring. Is that right? Kindly assist with your suggestions and any input on the current market.

like

I saw this posted elsewhere, but I'm curious about the technologist perspective: at what point are you not considered "entry level"?

like

Unless something dramatic happens today, this August will be the best performing August in 18 years.

Post Photo

Screenshot of my portfolio. Anyone have the same pick?

Post Photo
like

Outside of personal experiences, what books or publications have taught you the most about options (trading)?

like

8/5/2020 Thread (General):

like

Hi Fishes🐟

What is expected salary if switching job to IBM with 6+YeO?

Hope it will be 7A band.

like

What finance companies are doing UX design right? Curious what’s hot.

like
likefunny

I need some help - I've been prescribed Adderall for years now and I'm up to 30mg XR + 20mg of the regular for ADHD (inattentive). It's just not working for me anymore and my body is used to it (cont)

What’s the point of giving just the people who are already getting a normal bonus a special “covid bonus” too? It feels like they are just rubbing it in for people who didn’t hit their hours and get nothing when other get even more than normal.

like

What all we can buy with 1100$ apart from laptop.

like

Want to know abbvie work life balance at Abbvie, Worcester, MA site?

like

I will be joining Nokia in third week of Jan. What will be the yearly bonus cycle for FY 2022-23? Will I be eligible for yearly bonus if I join in Jan (on pro-rata basis)

like

Hi, any opportunities for ABAP consultant with 2yoe?

like

Any 🐠 trying to meet up tonight?

likefunny

Additional Posts in Consulting

If FB really wanted to motivate consultants to post more they would introduce FB Status

like

Started managing projects end-to-end recently and it feels like I’m still spending all my time scheduling client meetings and managing internal review cycles. Does it get more fun with time?

like

Promotion year and not promoted due to COVID-19 VS. getting laid off: which one is worse?

likefunny

What is your favorite books on leadership/professional development and why?

Looking for some great recommendations! Thanks in advance!

likehelpful

I'm looAdvisory manager/Snr manager level opportunities in financial services at PWC. Anyone willing to chat? Coming with 10yrs banking and consulting experience in risk and regulatory compliance. I saw a number of open roles at PWC in risk advisory and would like some insight. TIA

like

Thoughts on Partners in Performance?
Heard good things about the company (good pay, lack of home office so work from anywhere) but not sure how they are really...

like