Author Topic: $100k in the 401k!  (Read 865 times)

Engineer93

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$100k in the 401k!
« on: April 02, 2019, 05:11:52 AM »
I've been hoping for this moment for a couple weeks now but with yesterdays market I have officially gone over $100,000 in my 401k!  Took me a little under 2 years and 8 months after starting my fulltime job out of college in August of 2016.  100% contribution into the S&P 500.  I can't tell this to anyone else except DW so thought I'd share here!

Full Beard

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Re: $100k in the 401k!
« Reply #1 on: April 02, 2019, 02:28:36 PM »
That's awesome!  Congrats!!

v8rx7guy

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Re: $100k in the 401k!
« Reply #2 on: April 02, 2019, 02:31:56 PM »
Congrats!  I am really close too with that last bump... a few thousand to go.  Unfortunately it took me quite a bit longer than 2 years 8 months!

jps

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Re: $100k in the 401k!
« Reply #3 on: April 02, 2019, 02:35:34 PM »
Nice work! They say the first $100k is the hardest, too.

Wow, yeah that is a super quick time frame. What kind of a match do you get?

Engineer93

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Re: $100k in the 401k!
« Reply #4 on: April 03, 2019, 05:12:49 AM »
Nice work! They say the first $100k is the hardest, too.

Wow, yeah that is a super quick time frame. What kind of a match do you get?

We get a 10% match which is the highest I've ever heard of.  Also, since I started in August I was able to max out the $18,000 in those 5 months, which left me with a very little paycheck.  In 2019 I've already contributed $11,000 because that's where I put my bonus.