Author Topic: $100k in the 401k! (Read 10965 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!"
- Les Miz

Edit: Fixed a 2021 typo.

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!

Engineer93 · « **Reply #25 on:** May 15, 2024, 06:59:22 AM »

$401k in my 40lk! Took less than 11.5 months to go from 300 to 400. I’ve also stopped maxing it out so could have been faster.

Turtle · « **Reply #26 on:** May 15, 2024, 07:59:26 AM »

Quote from: Engineer93 on May 15, 2024, 06:59:22 AM

$401k in my 40lk! Took less than 11.5 months to go from 300 to 400. I’ve also stopped maxing it out so could have been faster.

Congratulations! You're picking up momentum now!

Engineer93 · « **Reply #27 on:** June 07, 2025, 04:41:55 AM »

$500k in my 401k! Looks like it took a little under 13 months. Didn't max out my account last year due to my kid starting daycare, but on track to do it this year. Also maxing out wife and I's roth IRAs. Worth mentioning my wifes 401k is in the mid 300s. She gets mad that mine is higher :-)

seemsright · « **Reply #28 on:** June 07, 2025, 02:25:39 PM »

Quote from: Engineer93 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.

10% is a great match. Hubby's company matches 12.5% which is unbelievable.

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Author Topic: $100k in the 401k! (Read 10965 times)