Author Topic: $100k in the 401k! (Read 6643 times)

Engineer93 · « **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 · « **Reply #1 on:** April 02, 2019, 02:28:36 PM »

That's awesome! Congrats!!

HPstache · « **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 · « **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 · « **Reply #4 on:** April 03, 2019, 05:12:49 AM »

Quote from: jps 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?

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.

Engineer93 · « **Reply #5 on:** February 17, 2021, 05:28:05 AM »

Crossed 200k in my 401k last week. Looks like it took 1 year 10 months to get from 100 to 200. Here's to the next 100 in hopefully under a year and a half!

HPstache · « **Reply #6 on:** February 17, 2021, 10:50:50 AM »

Quote from: Engineer93 on February 17, 2021, 05:28:05 AM

Crossed 200k in my 401k last week. Looks like it took 1 year 10 months to get from 100 to 200. Here's to the next 100 in hopefully under a year and a half!

Thanks for the bump. Mine is at $160K now (see upthread as to where I was around the same time). You are probably much more of a saver than I am. Nice work!

Monocle Money Mouth · « **Reply #7 on:** February 17, 2021, 11:14:45 AM »

Quote from: v8rx7guy on February 17, 2021, 10:50:50 AM

Quote from: Engineer93 on February 17, 2021, 05:28:05 AM
Crossed 200k in my 401k last week. Looks like it took 1 year 10 months to get from 100 to 200. Here's to the next 100 in hopefully under a year and a half!

Thanks for the bump. Mine is at $160K now (see upthread as to where I was around the same time). You are probably much more of a saver than I am. Nice work!

Or he has a big employer match. Some companies are way more generous with their match than others.

FLBiker · « **Reply #8 on:** February 17, 2021, 03:54:26 PM »

That's awesome, thanks for the update! I know I read about the power of compounding many times, but once you see it take hold it really is amazing. And you've got a great (and early) start. Your future self will be very appreciative. :)

MilesTeg · « **Reply #9 on:** February 21, 2021, 05:14:05 PM »

Quote from: Engineer93 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!

Lots of post tax contributions?

Edit: oh employer match. Still a fantastic run!

Dicey · « **Reply #10 on:** February 21, 2021, 06:16:55 PM »

"Jesus! it's amazing how it grows!"
- Ies Miz

dabighen · « **Reply #11 on:** April 18, 2021, 09:32:57 PM »

Way to go! Great work!

cool7hand · « **Reply #12 on:** April 19, 2021, 07:31:05 AM »

Impressive. Most impressive!

smileyface · « **Reply #13 on:** April 19, 2021, 07:57:46 AM »

Wow, great work! Congratulations!

Gardo · « **Reply #14 on:** May 07, 2021, 08:54:53 PM »

I just looked up mine and it's at $118K. So my next milestone is $125K. I contribute 10K a year.

Warlord1986 · « **Reply #15 on:** May 08, 2021, 04:40:23 PM »

Oh wow, that's great! :D

Gin1984 · « **Reply #16 on:** May 08, 2021, 05:40:09 PM »

Congrats! Keep it going.

Engineer93 · « **Reply #17 on:** June 04, 2023, 06:06:30 PM »

Finally crossed 300k. Took 2 years and 3 months to go from 200 to 300.

RWD · « **Reply #18 on:** June 04, 2023, 08:30:18 PM »

Quote from: Engineer93 on June 04, 2023, 06:06:30 PM

Finally crossed 300k. Took 2 years and 3 months to go from 200 to 300.

Nice, continue the power of compounding!

Turtle · « **Reply #19 on:** June 06, 2023, 12:08:49 PM »

Quote from: Engineer93 on June 04, 2023, 06:06:30 PM

Finally crossed 300k. Took 2 years and 3 months to go from 200 to 300.

Given the amount of headwinds in the past year or so, that's still impressive! Congrats!

HPstache · « **Reply #20 on:** June 06, 2023, 03:57:14 PM »

Quote from: Engineer93 on June 04, 2023, 06:06:30 PM

Finally crossed 300k. Took 2 years and 3 months to go from 200 to 300.

Dammit, I literally just crossed $200K, you must be really piling it on. Nice job!

Chris Pascale · « **Reply #21 on:** October 10, 2023, 09:02:00 AM »

We'll be happy to see more milestone updates as they come. This is very motivating.

JAYSLOL · « **Reply #22 on:** October 12, 2023, 08:51:57 PM »

Wow, you’re knocking that 401k outta the park. Out of curiosity, are you also maxing a Roth IRA and/or doing other investments on top of the 401k?

halfling · « **Reply #23 on:** November 21, 2023, 01:51:32 PM »

Nice! I hit $100k in 2021... and then kept maxing it out... but unfortunately hit $100k again in 2022, LOL. I'm glad I have been taught not to stress the downturns. I'm hoping 2024 will be the $200k year :D

ak907 · « **Reply #24 on:** November 21, 2023, 02:55:03 PM »

Great work! It is a slog at times, so it is worth celebrating wins!

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Author Topic: $100k in the 401k! (Read 6643 times)