Author Topic: Half-million dollars towards retirement!  (Read 2374 times)

MNBen

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Half-million dollars towards retirement!
« on: February 04, 2015, 08:27:46 PM »
While I don't check my balances every day, I have noticed my retirement funds slowly creeping towards the $500,000 mark.  Even though the market went down today, adding my 2015 Roth IRA deposit of $5,500 put my balance today at $501,500+ which means I finally crossed that threshold.

Not an accomplishment I'll be sharing among friends and family, so thought I'd come here to celebrate!

And I know it's just a number, that likely will fall back below it again soon (possibly tomorrow), but it's nice to look back at my old spreadsheets, where it says in 1997 I deposited my first money into retirement:  $4,000 into an IRA and $1,186 into an 401(k) and that $5,186 of deposits had turned into $5,294 by year-end.    (Yes - there was a waiting period to be able to get into the 401k)

Fast forward 17-18 years and those habits (and an IRA conversions/rollovers) have turned that balance into the $501,500 I have today ($324K in Rollover IRA, $107K in Roth IRA, and $70K in 401(k) at current employer).


dividendman

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Re: Half-million dollars towards retirement!
« Reply #1 on: February 04, 2015, 08:41:16 PM »
Nice work!

I should hit 500k net worth in the next couple of months assuming the market doesn't tank.

I might celebrate by ordering a pizza.

lexie2000

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Re: Half-million dollars towards retirement!
« Reply #2 on: February 04, 2015, 08:56:31 PM »
Great work!!

toodleoo

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Re: Half-million dollars towards retirement!
« Reply #3 on: February 06, 2015, 07:20:07 PM »
That is awesome! I am close to a round number as well and I obsessively check my accounts. Any day now!!

beaster

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Re: Half-million dollars towards retirement!
« Reply #4 on: February 06, 2015, 07:31:41 PM »
Awesome!! I hit this milestone in january as well! Had been hoping to hit it in April but my investment returns have been awesome recently. It just seems like I was crossing 250k yesterday and saying will have to have a special celebration at the half million mark. Very exciting! We had cupcakes lol- pretty fancy!! Onward and upward!!

Gone Fishing

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Re: Half-million dollars towards retirement!
« Reply #5 on: February 06, 2015, 08:18:16 PM »
Sweet!  It only gets better!