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Retirement compounding numbers

November 3rd, 2017 at 05:30 pm

Here are some interesting compounding numbers. I don't want to run the returns right now.

DH in 2006 started saving the maximum 401k and IRA. But he contributed to Roth IRA in 2005 In total he's saved $201,500 in 401k and $55,000 in a IRA. His total retirement savings is currently $651,693. The number break down something like this.

2005 $4,871
2006 $8,871
2007 $28,729
2008 $56,569
2009 $62,282
2010 $116,743
2011 $174,548
2012 $202,696
2013 $262,920
2014 $381,248
2015 $437,108
2016 $469,526
2017 $532,991
11/2/2017 current value $651,693 with only contributing $18,000 and we haven't saved our Roth IRA.

For me I sort of started in 2003 but my numbers are messy and I didn't have a 401k. But as of today I have $108,687.

2003 $1,604
2004 $1,650
2005 $1,523
2006 $5,797
2007 $6,055
2008 $11,247
2009 $11,964
2010 $18,810
2011 $21,820
2012 $29,829
2013 $39,922
2014 $62,515
2015 $77,467
2016 $83,467
2017 $93,054

11/2/17 current value $108,687 without $5500 2017 contribution. I have contributed $55,000. Power of compounding and staying the course? I've been boringly invested in just the stock market and nothing fancier than an index fund.

If things continue the way they are going I am going to predict we'll pass $1 million in retirement accounts in the next 18-24 months. I guess the truth is that slow and steady win the race. Probably we'd have made more investing in RE but this was pretty easy.

Keep on chugging.

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