how much do you have in your 401k (or IRA) and how old are you?

[Possessed Freak]

My IRA has $12,000 in it.
My 401K has $25,000 in it.
I have $12,000 in the market riding the waves (made 27% the past 6 months...)
I am 29.

 

[duragezic]

Only about $4k. Roth 401k at age 24. I stupidly waited until the start of this year to contribute, which was 7 months after starting work. During that time I was missing out on 6% 1:1 match.

I only do the 6% now. I have enough savings now that I either need to up my contribution, invest otherwise, or pay off student loans more quickly.

 

[SunSamurai]

How would one go about finding this information? There a simple way though a website or do I have to go through my employer?

 

[zebano]

28, I had 20K last year, that's probably declined a bit.

 

[BlahBlahYouToo]

Originally posted by: SunSamurai
How would one go about finding this information? There a simple way though a website or do I have to go through my employer?

HR should be able to provide you with the brokerage website.
or ask a co-worker that's been there awhile.
you new to the company?

 

[spidey07]

Originally posted by: SunSamurai
How would one go about finding this information? There a simple way though a website or do I have to go through my employer?

Should be able to go to your plans website, just ask HR where to find it.

 

[thomsbrain]

Roughly $28K in several accounts. I'm 27, contributing 15%+4% to the 401K, plus maxing my Roth IRA every year. Got a late start relative to my age due to dragging my ass through college. Given the ol' 8% standard return, I should have plenty to retire on even if I never get another raise in my life. *Knock on wood* I also have roughly that much in non-sheltered investments. I make a modest salary but try to live very frugally with the exception of my cars and where I live.

I've been trying to advise my coworkers against screwing themselves in the ass, but they are all running from their 401ks and STOPPING contributions because the market fell. I tell them to buy low so they can sell high, but emotions run deep.

 

[vi edit]

Wife and I are close to 6 digits when you combine them. I'm 31, she just turned 29. It's better than a lot of people, but still less than I'd like to have. She didn't start working her first "real" job until she was almost 26. But the pay after 7 years of college + Residency help catch up a little quicker.

We've also got a small pension plan through our employer that helps cover some bills when we retire. Should amount to an extra $800-$1200 a month per person on top of our own retirement savings. Nothing huge after 30 years of inflation, but at the least should cover some bills or provide fun money.

 

[KingGheedora]

32K / 28 yrs old

Gonna start a Roth IRA and max it out by the end of the year though, so it will hopefully be about 40K / 28 yrs old by the time 2010 starts.

 

[HardcoreRobot]

90k/27yo

 

[acheron]

Originally posted by: vi edit
Wife and I are close to 6 digits when you combine them. I'm 31, she just turned 29. It's better than a lot of people, but still less than I'd like to have. She didn't start working her first "real" job until she was almost 26. But the pay after 7 years of college + Residency help catch up a little quicker.

We've also got a small pension plan through our employer that helps cover some bills when we retire. Should amount to an extra $800-$1200 a month per person on top of our own retirement savings. Nothing huge after 30 years of inflation, but at the least should cover some bills or provide fun money.

Yeah, I have a little pension plan too. I generally don't think much about it, since I'm not very confident on the chance of actually getting paid out in 35-40 years. (Even less confident than I am about ever getting any Social Security money.) But hey, if I actually get anything out of it, then that will be a nice little bonus.

 

[acheron]

.

 

[FallenHero]

5k at 25 years in a ROTH. About a year contribution.

 

[sourceninja]

Last check I was around 30 some grand in my 401k. it would be much more, but I rolled my last job's 401k into an IRA.

 

[amdhunter]

Over $9000, I am 42.

 

[Gunslinger08]

I'm 25, wife is 24.

15k in my 401k.
1k in her 403b.
Low teen-thousands in an ESOP.

We both need to start saving more for retirement. Thankfully my wife gets a pension in another 29 years (teacher).

 

[Merithynos]

I'm 33, I have a little over 180k...I had closer to 230k 18 months ago, but you know how that goes...

 

[BlahBlahYouToo]

Originally posted by: amdhunter
Over $9000, I am 42.

shens on both. esp the 42.

 

[James Bond]

Originally posted by: Spartan Niner
$1,000 @ 22 yrs. (2 months since I started working)

You put $500/mo into 401K?

 

[Elbryn]

wifey and i have about 200k in our collective 401k, 457, member directed gov account, and roths. she's 33 and i'm 29.

 

[vi edit]

Originally posted by: James Bond

Originally posted by: Spartan Niner
$1,000 @ 22 yrs. (2 months since I started working)

You put $500/mo into 401K?

For a 22 year old do you think it's too high or to low?

 

[Atomic Playboy]

Yeah, I should probably get one of those...

 

[radioouman]

55k in retirement accounts (401k, IRA, Roth IRA) and 30k in mutual funds outside of retirement. 30 yrs old

 

[JohnCU]

$4k, 25

not putting much in, trying to pay off college debts first

 

[radioouman]

Originally posted by: vi edit

Originally posted by: James Bond

Originally posted by: Spartan Niner
$1,000 @ 22 yrs. (2 months since I started working)

You put $500/mo into 401K?

For a 22 year old do you think it's too high or to low?

He's smart. The earlier that you start contributing big numbers the more benefit he will see in the long run.

For the past 5 years, I've contributed over $600 per month into my 401k. I'm 30.