My 401(k) contribution for this month just hit my Fidelity account, which brings my retirement investments solidly over $10,000. For some reason, that feels like a big deal.
If I just left this $10,500 in my retirement accounts for 48 years without touching it or adding to it ('til I'm 71) and earned an ROI of 9%, I'd have $672,000! Granted, inflation would have eaten away a substantial portion of that money's buying power, but nevertheless--that's not chump change.
Not that I'd consider halting my investment, though--full speed ahead!
Thursday, May 31, 2007
Retirement Milestone!
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4 comments:
Hooray!!! :) I remember a few years ago when I hit the $10,000 mark. It felt sooo GOOD!
And I'm with you...I'm constantly checking what my IRA and 401(k) balance will be when I retire (in 27 years). It's really inspiring: I'm up to ~$915,000, and when I hit $1M, I'm throwing a party. Ok, not really, but I WILL buy myself lunch! :)
That's great and very inspiring! Congrats! You definitely are on the right track. If you keep investing till you retire, you'll accumulate so much... it's difficult to imagine, really ;-). Keep it up!
Wow, that's awesome!!! Keep investing like you are, and you'll be able to live out the retirement of your dreams!
Congrats on such a great accomplishment!
Congratulations!
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