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Ugh. How many times is this going to be asked on FB????
Those need to go too
Nice try, Fidelity!
44, 700K
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!)
Congrats!
28! And 0!
28 and 20k here... I feel ya.
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.
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.
30, $250k
That's awesome. The power of compounding interest and a relatively bullish stock market.
24, 9k. Feel like I need to start contributing more while I’m young and debt free.
Unless you work at Ey then don’t even worry about the “match"
35, 400k
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
30, $135
31, $260k - max almost every year combined with biggest increase in asset prices we will probably ever see, combined with company match
56 $840k
42, $50k
28, 40k.. I feel behind 🙁
Lol just looked it up. We’re doing it
25, 60.5k
30, $153K
37. 15 years. 500k.
29, $120k
Uhhh, dumb question. How does one max out their 401k?
..,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