Taxable Account – $2,022.45
Traditional Rollover IRA – $21,071.82
My Roth IRA – $80,604.97
Wife Roth IRA – $46,118.18 149,817.42
Traditional 401k – $152,115.57
Total Retirement Nestegg – $301,932.99
Well seems like it wasn’t that long ago when I broke $200,000 and well it wasn’t. Just 16.5 months ago I broke the $200k barrier and 28 months before that I broke the $100k barrier and 5 years before that I got started investing. This is a pretty vivid example of the power of compound interest. The ball is rolling and most of the heavy lifting was done on my part by setting that initial goal to have contributed $100k to my retirement accounts by the time I reached age 30. It is also worth noting that in only 8 trading days this month my nestegg grew by over $15k.
Now even though I have been slacking by my standards as far as contributing more money to my retirement accounts – it really doesn’t matter as much as it used to and like I always said I can just sit back and watch and turn the spigot to other plans/goals (house savings, kids college, etc) and really I have been able to exactly that and really not miss a beat. Funny I am only 33 but 30 seems like such a long time ago 🙂
Also from a performance comparison its neat to see the various milestones compared to an index at the time.
|Date||DOW Jones Value||MFJ Nestegg|
|Oct 2008||10,000||$ 69,300|
|Oct 2009||10,000 (+0%)||$100,000 (+44%)|
|Feb 2012||13,000 (+30%)||$200,000 (+100%)|
|Jul 2013||15,423 (+19%)||$300,000 (+50%)|
In other milestone related news I am celebrating my 10 year wedding anniversary today. I’ve been blessed with a beautiful caring wife and four great little kids over the last 10 years and I’ve got to say I don’t think things could have turned out any better for me and I am truly grateful for all I have been blessed with. The financial stuff is great, but in the end it means nothing without my family.
I hope to see you again shortly (12 months at this pace?) for my interim $400k post.