401k at 35

May 31 565 Comments

How much should be in my 401k at 35? Anyone have a good baseline to share?

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TOP 565 Comments
  • Facebook ⭕w⭕
    May 31 26
    • ADP / Mgmt
      Runner131

      ADP Mgmt

      BIO
      I call myself "Damage Control" as I turnaround poor performance of others and get results.
      Runner131more
      There is a company called Financial Engines that kept telling me on on track for $2-2.5M by 65 that they make assumptions like income growth and contributions slightly going up.

      I'm a midwesterner FWIW and think that is not inclusive in a chart like this.
      Jun 1
    • Facebook / Eng instandidl
      How do they get to 300k at 30 given there’s a contribution limit?
      Jun 1
    • Facebook / Eng instandidl
      @Mktg it is future dollars. They have assumptions on nominal returns which aren’t adjusted for inflation.
      Jun 1
    • $19K in 401k + $9K employer match + $28K after-tax Mega backdoor Roth allow for $56K in annual 401k-related contributions
      Jun 1
    • Adobe tazP84
      FYI, the screenshot is from financial samurai if you want to read more into the chart.
      Jun 4
  • Nvidia ethercoin
    Put in just as much as your employer will match, or more, then find some other more interesting investments
    May 31 8
    • Nvidia ethercoin
      Govt scam bro watch 60 minutes
      May 31
    • Cruise Automation slwpquxle
      ethercoin please stop posting in literally any thread
      Jun 1
    • Nvidia litecoinn
      Cruise focus on shipping an autonomous car like Tesla
      Jun 1
    • Nutanix maxpayne.
      How much would you put if employer does not match 401k?
      Jun 2
    • Nvidia flybu
      3 cans of Nutmix

      Kidding, I would switch employers to one that actually has benefits
      Jun 2
  • Intuit CowsRfuzzy
    120k tc but 500k on 401k due to aggressive investment habits since 18
    May 31 2
    • Apple / Other
      stevejerbs

      Apple Other

      BIO
      Previous CEO @ 🍎
      stevejerbsmore
      👏
      Jun 1
    • Facebook LaXn61
      At what age?
      Jun 1
  • Barclays PLC finra
    40 yrs old. Only 300k in 401k but wife has 400k in her 401k so technically I have 700k right? 😂
    Jun 1 2
    • Oracle oraguy
      No she has 550k 😆
      Jun 1
    • Microsoft / Product
      Brazuka

      Microsoft Product

      PRE
      Bain & Company
      Brazukamore
      Hahahahahha
      Jun 1
  • Google / Eng
    sqrt(-1)

    Google Eng

    BIO
    Top Contributor or GTFO
    sqrt(-1)more
    I moved to the US about 4 years ago. Now I'm 40 and I have ~$200k on 401k.

    I'm pumping $55k there every year to catch up.
    May 31 22
    • Facebook / Eng
      wWdCG13

      Facebook Eng

      PRE
      Apple
      wWdCG13more
      I thought mega backdoor caps out at 25k? Regular 401k at 18.5. Does this your company match is 6.5k?
      Jun 1
    • Google / Eng
      sqrt(-1)

      Google Eng

      BIO
      Top Contributor or GTFO
      sqrt(-1)more
      19k pre-tax + 9.5k match + 27.5k after-tax.

      The advantage of Roth 401k is that it grows tax-free.
      Jun 1
    • New udSE01
      Does Yelp support mega backdoor roth?
      Jun 1
    • Facebook / Eng
      wWdCG13

      Facebook Eng

      PRE
      Apple
      wWdCG13more
      Ok, so 27.5k is the max for this year?
      Jun 1
    • Facebook / Eng
      wWdCG13

      Facebook Eng

      PRE
      Apple
      wWdCG13more
      Does google does 50% match on full contrib or is your salary do high that 6% of your salary = 19k?
      Jun 2
  • SAP / Sales dogpile
    in my opinion, a 401k is a bad investment even with a company match. Not only is your money tied up until 59 1/2 but after you pay taxes on your withdraw you will have <1/3 of your total amount. A 401k is the best annuity the government ever invented for themselves. Ever heard of anyone getting wealthy with a 401? Nope! The wealthiest people on the planet don’t have one. Take the money you would put in a 401k and invest it in cash flowing assets that you control not someone else. If done right, you will lower your taxes and put more money in your family pocket.
    Jun 1 12
    • Microsoft Harambe’
      Pre taxed 401k with company match is money served on a platter.
      Jun 1
    • Facebook ishygddt
      Why in the world would everyone try to take our their 401k at the same time? The markets must already be crashing if that happens
      Jun 1
    • Reddit u7hj55
      This is stupid advice, with company match you could withdraw and pay the penalty and still come out way ahead because you 2x’d your savings with company match.
      Jun 1
    • Microsoft / Eng bebK16
      This is why you need pretax and posttax (Roth) buckets of retirement money. That allows you to control your tax brackets by limiting how much you pull from pretax vs Roth.
      Jun 1
    • New JrBu46
      Very stupid advice and clearly doesn't know what they're talking about.
      Jun 1
  • Qualcomm
    c0dedead

    Qualcomm

    PRE
    Qualcomm
    BIO
    Embedded software engineer
    c0dedeadmore
    It's a scam. Invest your money somewhere else...
    Jun 1 11
    • Qualcomm
      c0dedead

      Qualcomm

      PRE
      Qualcomm
      BIO
      Embedded software engineer
      c0dedeadmore
      I suppose I am coming from the standpoint that you don't know when you'll die. So I rather have lesser today but at least have it on me. Yes that extra 25-36% sure does make a difference but the tax man will come and it's still a percentage. And your 50k turned in to 2 million but your currency has lost value over the last 50 years. Is 2 million the same buying power at age 65 that it did when you were 25? What if at 35 you bought a rental property.
      Thinking along those lines... I came to the conclusion that I get my employers match but then after 5-7 years make a withdrawal invest it elsewhere, perhaps, commercial real estate.
      Jun 1
    • Snapchat boohpo
      If you don't know when you will die, you also don't know how fast you should spend your money as well. So I don't think that will end up working, coz you will never be able to spend your savings in time. Either you will over spend and have no money left, or under spend and have money left. Buying power changes, but you are not keeping cash, you are investing your 401k money in index funds or something else. Your tax argument doesn't hold as well, since if you don't invest in 401k, you pay tax upfront and lose on the compounding of your tax savings. If you want, give a concrete example with numbers and we can walk through this 🙂
      Jun 1
    • Amazon TRuc81
      To be fair the savings come from no capital gains, not that it is deferred taxation.

      Roth IRA and 401k you will end up with the same amount of money whether you pay taxes now or later
      Jun 1
    • Microsoft undefined
      If you think you will be in the same or higher tax bracket when you’re retired, then make Roth contributions. But most of us are in higher brackets now, and won’t have nearly as much income when taking out retirement funds, so pre-tax is a win. You also have more money to invest now, and if you have any confidence in your investment plan, this can make a big difference.

      I do both. For a long then I did only pre-tax, so that’s the bulk of my retirement savings, but nowadays I max that and then do the mega backdoor Roth. This lets me contribute more, and have a good balance of tax advantages and the added flexibility of Roth (eg not being forced to withdraw as early).

      Calling a 401k a “scam” is a pretty severe level of ignorance. You must just not understand the basic concepts involved. And if your employer offers matching contributions and you aren’t making them, you’re just leaving money on the table.
      Jun 1
    • Facebook / Eng
      wWdCG13

      Facebook Eng

      PRE
      Apple
      wWdCG13more
      Plus if you live in California, you can always move to a low tax state in retirement and pretty much guarantee a lower tax rate. Thus plus employee match + access to mutual funds that you can’t get outside unless you have crazy net worth makes it a no brainer
      Jun 2
  • Microsoft XyYh51
    40 and have net worth of $980k. That includes equity in multiple houses, mutual fund accts, 401k and rainy day cash. Started very late in life... started making serious money at the age of 33. I now invest about $4500 into my 401k and other high growth mutual funds every month. Tracking to hit around 4.5m by 60... I also should own many many more properties by then. I don’t believe we will have social security, so passive income from properties should cover that piece.
    Jun 1 13
    • Microsoft XyYh51
      4brains- I migrated to a competitor, and they moved me and increased my salary.

      Rq- my financial advise has always been my own. 30% real estate, and the rest in high growth mutual funds. I guess that would be the Dave Ramsey method. I also have no debt except my homes which are all mortgaged and being rented. No back door iras. Honestly didn’t even know these existed. Max 401 and then homes, and mutual funds.

      Wv- I live in Austin and work for a large Msft partner.

      Also- property taxes do suck here, but I’m in suburbia Austin, so cost of living is much better than Austin proper.
      Jun 1
    • Microsoft XyYh51
      I’ve just had a very strong mindset to stop spending on useless stuff and pocket as much as I can. I still enjoy the finer things in life but am cautious about my spend. I also keep a sharp eye on my budget. That’s the toughest part, but it is amazing how much you can have when you make your money work for you not the opposite.
      Jun 1
    • Amazon 💩4brains
      In Texas I believe when you retire don't they give you an exemption on property taxes? I thought I recall there was some reduction for property tax if you're retired in Texas.
      Jun 1
    • Microsoft XyYh51
      They do. My parents are both retired and get a fairly nice break on property taxes. I believe it is only for your homestead and not other investment properties
      Jun 2
    • Amazon 💩4brains
      That is what I thought. That is a really nice benefit.

      The property tax and the sales tax holiday are nice benefits. The sales tax holiday is something that I think other states should consider doing.
      Jun 2
  • New VFcO68
    I think that as always, ppl in blind exaggerates a lot. Somebody 34 with 500k in 401k? Let’s do math. Assuming you started at 20, assuming That you maximize 401k saving 20k per year. 14x20k=280k. So this person saved 280k, good. Money has been invested in average 7 years because half of money been more than 7 years but half less than 7 years. If you have 280k for 7 years earning 7% a year, no wAy you can reach 500k, not even using compound interest. As I always say, blind is ok but people exaggerates numbers for some reason.

    Edit: I was so generous when I said you can save 20k a year. Before 2010 limit was like 15k, until last year limit was 18.5k and not 20k as I put above. Also, I assumed that the person max out the 401k at 20 of age which often is not true. Also I assumed 7% returns but often company 401k do not give those returns, those thieves will erode the savings. Anyway if you say 350 or 400 I may believe you but 500?
    Jun 2 25
    • New / Eng ggg1
      After tax contributions are after tax contributions. Obviously, doing a roth conversion after that is beneficial from a tax perspective, but it still starts as an after tax contribution.
      Jun 6
    • Microsoft undefined
      Right. Nobody said otherwise.
      Jun 6
    • Thank you. Tons of poor folks pretending to be wealthy here. It’s absurd. I felt poor on here but go to Status Money which uses real information and in top 10% for LA and top 2% nationally. How pathetic these fake posts are
      Jun 7
    • Amazon / Eng 1ronyman
      Never heard of status money before but it sounds pretty cool. How does it compare to mint?
      Jun 8
    • Status money is similar to mint but it loses some functionality and the ease of the interface in order to give you comparisons based on various criterion: age, income, location, etc. The comparisons are helpful ... the takeaway is that either people on Blind are phonies and liars or Blind just attracts the 25% of the 1%. The truth is likely a bit of both
      Jun 8
  • LinkedIn NotShroff
    Wow 1M at 40, anyone actually have that much $$ in their 401K at 40? I have 350K at 37.
    May 31 8
    • New osMS13
      Following on my first comment - most folks who hit 1M by 40 actively invest within that 401k. I have 2 colleagues/friends who did that. One did our company stock and the other did Amazon (though he doesn't work there.) Those of us old farts who went through the stock crash can tell horror stories. My 401k tanked 25% but colleague 1 was very aggressive and ranked more than 40%
      Jun 1
    • Salesforce Zed12
      I only have $140k and I'm in my early 30's, but my house is almost paid off. I live in a LCOL area.
      Jun 1
    • Oracle
      uNTN08

      Oracle

      BIO
      Life, Liberty, and the Pursuit of Happiness
      uNTN08more
      Maximize 401k all the time. Contribute to Roth IRA for yourself if income permits. If spouse is not working, contribute to traditional IRA, again if income permits. Also maximize HSA while you are young (and by extension hopefully healthier and thus very few doctor visits so that you can have a HDHP). Dont forget 529 for kids especially if state allows tax breaks. After you do all that, THEN look into brokerage accounts.
      Jun 1
    • Leanplum ballsacks
      I'm unsure about 529.. will our kids, in 20 years time, still spend ~$50k/yr for an institutional degree? Or will we have moved on to cheaper yet still rigorous education paths?
      It's a reason why I don't max out 529.. my kid can get a top-tier education by ingesting free information online
      Jun 1
    • Google Mr. Glass
      You can break your 529 later if you don’t need it for only a 10% penalty I think
      Jun 2
  • Salesforce / Eng aSff46
    36 here and I'm way behind according to the above spreadsheet(40k in 401k). This year, I've started maxing out my roth 401k and opened a roth IRA with max contributions. With that said though, I'm aggressively catching up my 401k position but also have a healthy savings, own property, about $100k in various stocks, and my wife is also contributing to her roth 401k with the goal to max it over the next few years. I also live in the Midwest so cost of living is really low. I'm very confident that my retirement will be comfortable and I'll be able to gtfo at 60 if I want.

    TC ~150k
    May 31 9
    • Reddit / Eng OaxX74
      I only contribute to a Traditional 401k, then backdoor Roth IRA, and finally regular brokerage accounts (see if you’re able to do a mega backdoor roth contribution).

      Your tax rate is likely to be SIGNIFICANTLY lower in retirement and the Roth IRA account is enough tax diversification for me. Consider doing the math on your potential tax savings now with being able to deduct 19k in Traditional 401k contributions vs the expected taxes on your expected income in retirement.
      May 31
    • Glassdoor / Eng nyb123
      I'm doing 50/50. I am expecting / hoping (I'm a progressive, I should already have to pay more than I do) that these historically low tax rates increase as America becomes a more responsible country with a real social safety net :-D
      Jun 1
    • New kxAd17
      Since the contribution limits are the same for both traditional and Roth 401k ($19,000) if you can afford to max out the Roth then you should absolutely do that and stop trying to figure out if you'll be in a higher or lower tax bracket in retirement since 19k growing tax free for 30 years in a Roth account will be wayy more valuable than that same money in a traditional account
      Jun 1
    • Reddit / Eng OaxX74
      Don’t listen to anyone advising you to not do the math yourself. The fact is, if you assume that your tax rate remains the same indefinitely, then there is no difference whatsoever between Roth and Traditional accounts. The misconception from the comment above arises when you ignore the fact that you’re contributing after tax money to a Roth account.

      For example, if you contribute $19k to a Roth account, and you assume a 25% tax rate, then it’d be equivalent to contributing $25.3k to a pretax account. You come out way ahead if your tax rate in retirement is lower than it is now with a Traditional account, and the opposite is true with a Roth account.
      Jun 1
  • You’re better off just taking the amount of 401K that you would be depositing automatically out of your check, then investing that money into your own investment choices.
    Jun 1 13
    • 401k is a bullshit investment. If you wanna make money then just dump x% of your money into a stock every check, preferably dividend stocks, then just reinvest the dividends into those same stocks or have it pay you income if you want. Then just wait.
      Jun 1
    • Snapchat boohpo
      401k is not bullshit when your company matches. When the company matches, if you think it's bullshit, I don't know how I can help you
      Jun 1
    • How is dump money into stock better off than 401k, given the tax disadvantages that you do so
      Jun 1
    • Palo Alto Networks arrr
      So much stupidity in this thread. 401k should be a small part of your portfolio that you don’t even conceive of touching until you are well beyond 60. Yes invest in a brokerage account as well, but 401k with its tax free compounding over decades is a formidable vehicle. Do both, and absolutely take the 401k match. Only an imbecile leaves that on the table.
      Jun 1
    • LinkedIn LOLmanCOW
      MZ is beyond helping lol...
      Jun 1
  • New / Eng
    griesrt1

    New Eng

    PRE
    Flipboard
    griesrt1more
    I’m 34 and have 100k in it. 401 is a shitty investment anyways. Better to start a business
    Jun 1 5
    • Palo Alto Networks arrr
      Saying 401k is a shitty investment is like saying a brokerage account is a shitty investment. This is nonsensical. It’s just a vehicle to invest in the assets you choose. Saying the vehicle is a shitty investment makes literally zero sense.
      Jun 1
    • Tableau / Eng Hanrahan
      Yeah, this ^. Incredible that some people think investing pre-tax money that can grow tax-free for 30+ years is a bad way of investing. Makes me sad.
      Jun 2
    • New / Mgmt
      FourHrWkWk

      New Mgmt

      PRE
      EY, IBM, Financial Times, Google
      BIO
      Founder with Interests in investing, energy, crypto, cannabis, tech. Multiple startups, I enjoy mentoring entrepreneurs.
      FourHrWkWkmore
      Starting a business is great. But assume that you might wind up draining savings before getting the business to pay you back. My savings went stagnant after I launched my company, so I’m behind where I would have been. However I have several million in company equity that will get me back to where I expect to be.
      Jun 2
    • New / Eng
      griesrt1

      New Eng

      PRE
      Flipboard
      griesrt1more
      401k is taxed as income and you also pay capital gains on it. You’re thinking of a Roth IRA. Income is taxed more heavily than any other form of income. Businesses and RE have tax benefits. They also can potentially have a much higher yield.
      Jun 3
    • New / Eng
      griesrt1

      New Eng

      PRE
      Flipboard
      griesrt1more
      Nice job starting your company. I need to get on that
      Jun 3
  • Symantec / Eng cardi_B
    401k is just making someone else money. I was doing 10% and then came the realization that I could actually invest it in something else with better returns in the short term. I think that if you are smart, you can use that money in better ways. My 2 pennies.
    Jun 1 13
    • Google 3/2=1
      Cardi_b; you are talking out of your ass. 401k contribution makes 50% return (employer match) on the money you would be paying 45% tax on otherwise. So a $1 towards 401k is $1.5 pre tax vs $0.55 after tax in hand. You can apply whatever rate of return or tax rate at retirement but it will be tough to do one better than 401k route
      Jun 3
    • Amazon / Eng 1099-B
      I guess cardi_b invested in something that skyrocketed, and now he thinks that he's smart, not lucky. And anyone not getting 100% annual returns isn't smart.
      Jun 3
    • Google EndGam3
      Funny thing is you can roll over 401k into IRA or open SDBA and invest wherever you want so his suggestion is total bogus.
      Jun 3
    • Chewy / Eng
      jeasy1080

      Chewy Eng

      PRE
      Fitbit
      jeasy1080more
      Personally, I am over 35 and have not put $$$ aside into a 401K program. It was either I had some financial hardships I was dealing with or the company did not match at all, therefore, I felt at the time it was a waste. Now things are different and am thinking of putting away in a 401K and/or IRA. But, I do pretty well financially and have been extremely diligent at saving very aggressively into money market accounts and CDs. So for me continuing that momentum makes sense as if I absolutely NEED to take $$ out I won’t be penalized. But, that is my personal preference and experience.
      Jun 4
    • Google EndGam3
      You can always put in Roth IRA instead in that case. Withdrawal of what you put in has no penalties in Roth IRA unlike 401k
      Jun 4
  • EA Mk55hd
    Wow of all the threads that made me depressed in Blind this is the worst 😥 - I am in my mid 30s and only have 120k on my 401k. I do have 35k on Roth IRA and another 100k on a taxable account. I started super late because I am an immigrant and only opened my 401k when I was 29 but still it looks like I am way behind
    Jun 2 10
    • EA / Eng ONse48
      I’m 36, 24k in 401k....yeah, fuck
      Jun 3
    • DXC Technology Dvjdq7d
      I’m 45,H1B, 27k in 401k, 29k in Roth....WTF
      Jun 4
    • Facebook Sffffft
      If it makes you feel better you’re doing way better than me. 😂🤷‍♂️ 34, 39K in 401K, 10K in a rollover IRA.
      Jun 5
    • Tableau haruka
      It's ok, you're doing amazing for just having a couple years in 🤗
      Jun 5
    • Oracle unmp46
      I’m 30, 26k in 401k, 1k in Roth. I was happy until I saw this stupid thread! What is wrong with everyone? You all have way more than required. Stop
      Complaining.
      Jun 6
  • Amazon lamardavis
    From
    https://turbo.intuit.com/blog/real-money-talk/how-much-should-i-have-in-my-401k-719/

    they said:

    A good rule of thumb is to add on one year of salary saved for every five years of age — for example, at age 30 you’d want to have saved one year of salary, at age 35, two years, at age 40, three years, and so on. Use these guidelines along with your post-retirement budget to gauge if you are on track for a comfortable retirement.

    By Age 30
    By the time you are 30, it’s ideal to have a 401k equal to about one year’s salary — so if you make $50,000 a year, you’d want to have $50,000 saved in your 401k account.

    By Age 40
    Most people have more stable jobs and have seen an increase in their annual income compared to their 20s. By age 40, three years worth of salary saved in your 401k is a good place to sit, so someone who makes $70,000 a year, should have approximately $210,000 saved in their 401k account.

    By Age 50
    This is a good checkpoint for your financial future. By age 50, it’s recommended to have roughly five years worth of salary put away. Assuming your annual income has increased to $80,000, this would mean that you’d want to have saved $400,000 in your 401k account.
    Jun 1 12
    • Google Blindeeeee
      Re: the formula, is it base salary or TC? After tax, or before tax?
      Jun 1
    • Microsoft
      temp_

      Microsoft

      PRE
      Amazon
      temp_more
      @mazz just keep working and getting promoted and leetcode when it's time to switch. I guess that's it?

      @Blindeeeee that's TC. I wish that was my base.
      Jun 1
    • Facebook udaJ27
      What level at msft pays 550k? Are you a partner?
      Jun 1
    • Microsoft
      temp_

      Microsoft

      PRE
      Amazon
      temp_more
      I'm not at Microsoft anymore. I'm at Airbnb L5.

      Haven't updated my blind yet.
      Jun 1
    • Cruise Automation klooz
      Airbnb pays really handsomely for L5! 👍
      Jun 2
  • Splunk
    zapzapzap

    Splunk

    BIO
    Engineering
    zapzapzapmore
    They increased the age limit to 72. I won’t be surprised if the communists in congress ask you to share it with a homeless after you could finally make withdraws.
    Jun 1 5
    • Intel McComic
      Are you serious? 72 😱
      Jun 1
    • Palo Alto Networks arrr
      Serious and to be taken seriously are two very different things
      Jun 1
    • Apple purifier
      @Splunk you can withdraw at 59 1/2. What you refer to is the required withdraw for traditional IRA starting at 70 1/2. This means today you are forced to withdraw starting that age even if you don’t want to. The proposal is to raise that age to 72 or even 75. That’s my understanding
      Jun 1
    • Pegasystems happyjalap
      Figures that a Trump supporter will say something completely ignorant and untrue. Maybe check facts before you spout nonsense.
      Jun 1
  • Microsoft VOTy02
    40. Started at 27 really.

    401K. - $500K
    Stock/Inv- $1.1M
    Cash/STI - $700K

    Not sure when when to think about retiring.

    Any thoughts?
    Jun 1 9
    • Microsoft VOTy02
      STI - Short term investments
      Jun 2
    • New / Mgmt
      FourHrWkWk

      New Mgmt

      PRE
      EY, IBM, Financial Times, Google
      BIO
      Founder with Interests in investing, energy, crypto, cannabis, tech. Multiple startups, I enjoy mentoring entrepreneurs.
      FourHrWkWkmore
      Some advice - Start living like you have money. Otherwise there could come a day when your investments go sideways and you’ll wonder why you didn’t get/do the things you wanted when you could. Advice from someone who spent her nest egg on a startup. I could have done more traveling, bought nicer things before I did the entrepreneur thing. I’ll get back there again soon- but don’t miss an opportunity while you have it.
      Jun 2
    • Google 3/2=1
      At 38 with 1.8M net worth. I'm wondering about retirement too but how the hell do you pay for insurance. For a couple that itself is 30k+/year plus the deductibles
      Jun 3
    • Bloomberg / Eng iVX372
      @Google - it's simple, but not necessarily easy. Just leave the US
      Jun 3
    • Google 3/2=1
      Yeah that's not easy. I'm a non US born (from India) but want to retire in US. This country is just much easier to deal with. When you retire you want a place that is reliable and stress free. India isn't a friendly place to retire if you still want to be independent. Also quality of healthcare in India still has to catch up overall besides the Uber expensive hospitals.
      Jun 3
  • Microsoft ufhudv
    500k in 401k at 36yrs old. Been maxing my 401k since 30 but been investing at least 12% since I graduated. Maxing your 401k regardless of what your company matches is the first best move of investment.
    May 31 3
    • Microsoft cqWK35
      It also doesn’t hurt that Microsoft matches 50% of our 401k contributions with no limit. It’s a free $9k each year.

      I also recommend taking advantage of the Mega Backdoor Roth that Microsoft offers. It allows us to contribute another $27k/year in post-tax dollars to a tax-free-growth account after maxing out your 401k.
      Jun 1
    • Deloitte PUdL73
      Wow 50% employer match on 401k that unheard of. Good for you
      Jun 1
    • Facebook mRn6nf
      What’s your portfolio breakdown to have 12%+ return? Do you lean more bonds, international, large cap, medium cap? Do you adjust it often? Avg return is 6-8% so you must be doing something really right?
      Jun 1
  • Microsoft bKFl33
    I'm 36 and I have $40k in 401k. I moved to US 5 years ago. TC 200k. My plan is to work till I die.
    Jun 1 2
    • Apple EdenFruit
      You can work till you die or save up enough and move out of US. Many Americans retire overseas.
      Jun 1
    • Microsoft / Product
      Brazuka

      Microsoft Product

      PRE
      Bain & Company
      Brazukamore
      Damn, 40k is super low for 5 years. At Microsoft you should be putting 30k a year to max the benefit
      Jun 1