Consulting

What's your age and how much do you have in your 401k!? 25 and 40k. Started contributing max this year.

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works at

Ugh. How many times is this going to be asked on FB????

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likefunnysmart
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Those need to go too

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Nice try, Fidelity!

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likefunny
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44, 700K

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likeupliftinghelpful
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26, 15K (Just paid 60K of student loans earlier this year, and afterwards bumped up my contribution to 10% of salary. Looking forward to see this account grow!)

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Congrats!

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28! And 0!

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28 and 20k here... I feel ya.

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I am assuming this data is only meaningful if you target folks who had a traditional 4 year college directly to work path? Otherwise, too many variable and little to no insight can be derived.

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Yes GT - let’s try to expand our vision perhaps. What I am trying to convey is that many people who are in certain fields besides professional services don’t contribute at all. I do HR diligence and it is quite obvious that certain industries have incredibly low participation rates when/if they offer a plan. The exempt/ steady paycheck nature of our work is a good thing but this is not the reality for all. Especially for those who did not go though the “traditional” route. So anyone falling into that bucket would not have a balance commensurate with the mean for their age group.

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30, $250k

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That's awesome. The power of compounding interest and a relatively bullish stock market.

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24, 9k. Feel like I need to start contributing more while I’m young and debt free.

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Unless you work at Ey then don’t even worry about the “match"

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35, 400k

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likeuplifting
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57 $1.3M. Have been contributing since 401k became available. Adjusted contributions due to life events like paying for kids college so didn’t always put in max amount but always put in something every year

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30, $135

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31, $260k - max almost every year combined with biggest increase in asset prices we will probably ever see, combined with company match

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56 $840k

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42, $50k

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likeuplifting
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28, 40k.. I feel behind 🙁

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Lol just looked it up. We’re doing it

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25, 60.5k

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30, $153K

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37. 15 years. 500k.

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29, $120k

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Uhhh, dumb question. How does one max out their 401k?

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..,and work for a company that gives a good employer match and/or do a side hustle with a solo 401k and max out the employer match

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