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Just a chill improbable bordering on impossible $1600000k 401k balance

What? It’s perfectly believable.
maroon talented hairy legs
  07/06/24
What's your balance again, champ?
citrine hall juggernaut
  07/06/24
I have like 3 401000Ks from various employers, plus an IRA, ...
maroon talented hairy legs
  07/06/24
Can an HSA pay for a Hair Transplant? What's your Balance? A...
citrine hall juggernaut
  07/06/24
I don’t have to answer these questions.
maroon talented hairy legs
  07/06/24
IRL lmao’ing
Confused toilet seat tanning salon
  07/06/24
...
citrine hall juggernaut
  07/06/24
partners can allegedly contribute 60k a year
electric state
  07/06/24
just let the half century old lawyers make up some shit to i...
autistic sanctuary
  07/06/24
what a joke
maroon talented hairy legs
  07/06/24
OYT is maf at those of us who will retire with $8m plus in 4...
hyperactive bateful library
  07/06/24
His Lost years were during the nadir of the stock market. He...
citrine hall juggernaut
  07/06/24
It’s weird that he thinks it’s impossible to hav...
hyperactive bateful library
  07/06/24
Also I poasted before that my wife and I had around a mil ea...
hyperactive bateful library
  07/06/24
That’s intellectually dishonest tbh. I don’t bla...
citrine hall juggernaut
  07/06/24
the total amount in retirement accounts is like $1.7 million...
hyperactive bateful library
  07/06/24
How am I poor? Your a joke.
citrine hall juggernaut
  07/06/24
aren't you underemployed and make like $20 an hour or someth...
hyperactive bateful library
  07/06/24
you are correct, cowgod is extremely Poor and still lives of...
pontificating lettuce
  07/06/24
I make 0k. I’m not some wagecuck Loser.
citrine hall juggernaut
  07/06/24
just a chill 70% annual return rate in index funds.
Ebony fiercely-loyal roommate
  07/06/24
this place is full of financially retarded people. go her...
hyperactive bateful library
  07/06/24
and your plan to turn $1.7M into $2M+ in “a few months...
Ebony fiercely-loyal roommate
  07/06/24
i haven't stopped saving yet. between contributions and gain...
hyperactive bateful library
  07/06/24
you’re the one being financially retarded atm. SPY is ...
citrine hall juggernaut
  07/06/24
over the course of the next few months, how much in “s...
Ebony fiercely-loyal roommate
  07/07/24
710k isn't really "around" a million. It's closer...
Passionate wrinkle space
  07/06/24
i was conflating the 401k balance with the roth balance. tho...
hyperactive bateful library
  07/06/24
the Lost Years
Oh, you travel?
  07/09/24
i sucked a lot of dicks during that time
gunneratttt made me sense to me
  07/10/24
180
autistic sanctuary
  07/07/24


Poast new message in this thread



Reply Favorite

Date: July 6th, 2024 6:48 PM
Author: maroon talented hairy legs

What? It’s perfectly believable.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815802)



Reply Favorite

Date: July 6th, 2024 6:48 PM
Author: citrine hall juggernaut

What's your balance again, champ?

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815803)



Reply Favorite

Date: July 6th, 2024 6:50 PM
Author: maroon talented hairy legs

I have like 3 401000Ks from various employers, plus an IRA, plus an HSA.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815809)



Reply Favorite

Date: July 6th, 2024 6:52 PM
Author: citrine hall juggernaut

Can an HSA pay for a Hair Transplant? What's your Balance? And your Net Worth?

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815818)



Reply Favorite

Date: July 6th, 2024 6:54 PM
Author: maroon talented hairy legs

I don’t have to answer these questions.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815823)



Reply Favorite

Date: July 6th, 2024 8:01 PM
Author: Confused toilet seat tanning salon

IRL lmao’ing

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815996)



Reply Favorite

Date: July 6th, 2024 8:05 PM
Author: citrine hall juggernaut



(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816007)



Reply Favorite

Date: July 6th, 2024 6:49 PM
Author: electric state

partners can allegedly contribute 60k a year

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815805)



Reply Favorite

Date: July 6th, 2024 6:50 PM
Author: autistic sanctuary

just let the half century old lawyers make up some shit to impress the profoundly mentally ill and credulous post-wall dog woman, okay?

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815812)



Reply Favorite

Date: July 6th, 2024 7:28 PM
Author: maroon talented hairy legs

what a joke

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815918)



Reply Favorite

Date: July 6th, 2024 7:31 PM
Author: hyperactive bateful library

OYT is maf at those of us who will retire with $8m plus in 401k balances alone

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815924)



Reply Favorite

Date: July 6th, 2024 7:56 PM
Author: citrine hall juggernaut

His Lost years were during the nadir of the stock market. He had No Job and No 401k. He fucked himself out of 10x gains heretofore.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47815988)



Reply Favorite

Date: July 6th, 2024 8:29 PM
Author: hyperactive bateful library

It’s weird that he thinks it’s impossible to have a large 401k balance.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816063)



Reply Favorite

Date: July 6th, 2024 8:30 PM
Author: hyperactive bateful library

Also I poasted before that my wife and I had around a mil each. Her balance is 850k and mines like 710k. We each have around 100k in Roth balances. I was lumping both together.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816066)



Reply Favorite

Date: July 6th, 2024 9:36 PM
Author: citrine hall juggernaut

That’s intellectually dishonest tbh. I don’t blame him. And that’s some major rounding up.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816289)



Reply Favorite

Date: July 6th, 2024 9:46 PM
Author: hyperactive bateful library

the total amount in retirement accounts is like $1.7 million. it'll be over 2 million in a few months.

you otoh are poor.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816323)



Reply Favorite

Date: July 6th, 2024 9:47 PM
Author: citrine hall juggernaut

How am I poor? Your a joke.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816327)



Reply Favorite

Date: July 6th, 2024 10:00 PM
Author: hyperactive bateful library

aren't you underemployed and make like $20 an hour or something? apologies if i have this wrong.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816359)



Reply Favorite

Date: July 6th, 2024 10:02 PM
Author: pontificating lettuce

you are correct, cowgod is extremely Poor and still lives off modest Gamestop gains from years ago

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816362)



Reply Favorite

Date: July 6th, 2024 10:38 PM
Author: citrine hall juggernaut

I make 0k. I’m not some wagecuck Loser.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816495)



Reply Favorite

Date: July 6th, 2024 10:04 PM
Author: Ebony fiercely-loyal roommate

just a chill 70% annual return rate in index funds.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816367)



Reply Favorite

Date: July 6th, 2024 10:26 PM
Author: hyperactive bateful library

this place is full of financially retarded people.

go here: https://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1%2C000%2C000&cstartingprinciplev=1%2C900%2C000&cyearsv=20&cinterestratev=8&ccompound=annually&ccontributeamountv=0&cadditionat1=end&ciadditionat1=monthly&printit=0&x=Calculate#calresult

$1.9 million with an 8% return, with no additional principal added, will be $8.8 million in 20 years. that return rate might be overly aggressive given that you should be extremely cautious when running these numbers, but i think it's realistic given that the s&p has returned like 10% or more over the last 30 years.

at a minimum, we will continue maxing out retirement accounts for the next 5 years. assuming we do that and then cut off all retirement savings, we'll have just over $10m in 20 years.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816458)



Reply Favorite

Date: July 6th, 2024 10:33 PM
Author: Ebony fiercely-loyal roommate

and your plan to turn $1.7M into $2M+ in “a few months” is also premised on 8% returns?

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816476)



Reply Favorite

Date: July 6th, 2024 10:48 PM
Author: hyperactive bateful library

i haven't stopped saving yet. between contributions and gains last year, the accounts went up approx 200k.

so assuming returns are similar to last year, we will hit 2 mil if not by the end of the year, early next year. i also have an equity payout coming in feb. that should be more than $150k after taxes are withheld.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816515)



Reply Favorite

Date: July 6th, 2024 11:21 PM
Author: citrine hall juggernaut

you’re the one being financially retarded atm. SPY is up a stupid amount in the last year+ bc it dumped before that.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816589)



Reply Favorite

Date: July 7th, 2024 12:28 AM
Author: Ebony fiercely-loyal roommate

over the course of the next few months, how much in “savings” are you planning to contribute specifically to the tax-advantaged retirement accounts you referenced above and that are the explicit topic of this thread?

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816683)



Reply Favorite

Date: July 6th, 2024 10:45 PM
Author: Passionate wrinkle space

710k isn't really "around" a million. It's closer to half a million. but it's still an impressive amount to have in your 401k, unless you're like 50.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816506)



Reply Favorite

Date: July 6th, 2024 10:52 PM
Author: hyperactive bateful library

i was conflating the 401k balance with the roth balance. those two added together are $821k. Wife's total adding both accounts is $932k, so the total is $1.7 mil. then we have another ~$80k in taxable index funds and $150k in crypto.

45 years old, so this may seem unimpressive, but our total net worth 10 years ago was about 400k. i got a late start saving.

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47816532)



Reply Favorite

Date: July 9th, 2024 11:34 AM
Author: Oh, you travel? ( )

the Lost Years

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47823903)



Reply Favorite

Date: July 10th, 2024 9:45 AM
Author: gunneratttt made me sense to me

i sucked a lot of dicks during that time

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47827230)



Reply Favorite

Date: July 7th, 2024 6:25 PM
Author: autistic sanctuary

180

(http://www.autoadmit.com/thread.php?thread_id=5551409&forum_id=2#47818319)