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UPS Retirement Topics
How big is your 401k?
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<blockquote data-quote="Ms.PacMan" data-source="post: 1409673" data-attributes="member: 4656"><p>I've posted something like this before (and I always loved seeing this kind of stuff when I started saving) so I thought I'd post a timeline again so you guys/gals who are just beginning to invest can see what 401k growth looks like over time....it's very slow in the beginning. The first numbers are what I contributed each year, followed by my balance at the end of the year. I have mainly invested in the S&P, Midcap and Russell fund. The beginning years were at a 17% contribution rate, then 23%. I have it set to 24% now and it maxes out before Dec.</p><p></p><p>1997 $1,708.55</p><p>1998 $5,690.03</p><p>1999 $6,626.22</p><p>2000 $6,897.24..... $22,629</p><p>2001 $7,256.94..... $28,202</p><p>2002 $8,333.79..... $29,844</p><p>2003 $8,764.04..... $48,077</p><p>2004 $12,664.10.... $58,715</p><p>2005 $13,449.72.... $65,617</p><p>2006 $13,042.46.... $90,125</p><p>2007 $14,250.08.... $114,455</p><p>2008 $13,983.22.... $130,414</p><p>2009 $14,440.19.... $101,191</p><p>2010 $14,983.72.... $149,979</p><p>2011 $15,862.60.... $197,842</p><p>2012 $17,000.00.... $262,381</p><p>2013 $17,500.00.... $366,606</p><p></p><p>I got over $400K at that high in March but it's down some now (not sure the exact amount without looking).</p><p></p><p>You can see that horrible dip in 2009!</p></blockquote><p></p>
[QUOTE="Ms.PacMan, post: 1409673, member: 4656"] I've posted something like this before (and I always loved seeing this kind of stuff when I started saving) so I thought I'd post a timeline again so you guys/gals who are just beginning to invest can see what 401k growth looks like over time....it's very slow in the beginning. The first numbers are what I contributed each year, followed by my balance at the end of the year. I have mainly invested in the S&P, Midcap and Russell fund. The beginning years were at a 17% contribution rate, then 23%. I have it set to 24% now and it maxes out before Dec. 1997 $1,708.55 1998 $5,690.03 1999 $6,626.22 2000 $6,897.24..... $22,629 2001 $7,256.94..... $28,202 2002 $8,333.79..... $29,844 2003 $8,764.04..... $48,077 2004 $12,664.10.... $58,715 2005 $13,449.72.... $65,617 2006 $13,042.46.... $90,125 2007 $14,250.08.... $114,455 2008 $13,983.22.... $130,414 2009 $14,440.19.... $101,191 2010 $14,983.72.... $149,979 2011 $15,862.60.... $197,842 2012 $17,000.00.... $262,381 2013 $17,500.00.... $366,606 I got over $400K at that high in March but it's down some now (not sure the exact amount without looking). You can see that horrible dip in 2009! [/QUOTE]
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