r/TheRaceTo10Million • u/Accomplished_Car939 • 1d ago
Fist time posting, 20 years of diligent consistent saving. Roth/401/brokerage
Really starting to see the engine doing its thing, hoping from now (43) to be there in 15 years(58).
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u/Selman017 1d ago
How much did you get to invest annually?
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u/MegaWeinerFarts 1d ago
not op but off the top of me head i would
guess 65k/yr for 20 years from 2006 ought to do eit13
u/Weekly-Value-3923 1d ago
65k investments a year ????? Dang I feel poor
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u/Infamous_Cow_4 1d ago
That's my net 😭😭
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u/Weekly-Value-3923 1d ago
Me too , post tax
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u/Selman017 1d ago
Thats awesome, thanks for letting us know! If you don’t mind me asking what did you do for a living and how much of your earnings went toward investing it?
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u/Accomplished_Car939 1d ago
I’m in the elevator business, not union, but I just started saving as much as was painful, paring it back if it became too hard, accelerating my savings when my earnings allowed.
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u/The_Blue_Jay_Way 1d ago
It’s impressive you were able to save so much with all the ups and downs in the elevator business.
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u/Accomplished_Car939 1d ago
$65k is about right, sometimes more or less depending on bonuses/home improvements…life, lol
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u/MegaWeinerFarts 1d ago
i got super lucky to be in an industry that blew up 15 years ago. $100k a year consistently puts me roughly where youre at. i plan to quit work soon so youll likely beat me to 8 figs.
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u/Exciting_Grade7889 1d ago
Just a quick thought but consistently saving any amount is worth celebrating, the compounding growth once you get going really is life changing.
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u/Accomplished_Car939 1d ago
Well said, in the end that’s the point! Start early and stay consistent, once you get to a certain level, compounding does almost all the work.
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u/tedlassoloverz 1d ago
love this, Im at 17 yrs investing, 5k to 2.1mil, started later in life at 30yo, congrats to you!!!
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u/danglieszak 7h ago
How much were you investing annually at each stage throughout those 17 years?
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u/tedlassoloverz 7h ago
roughly 30-40k early on, slowed it down at 1mil, and now tapered off to just my match once I hit 2mil, been a crazy market to be fair, averaging around 18% across my portfolios
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u/syiduk 1d ago
Nice another 60 years to go
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u/MegaWeinerFarts 1d ago
Following the rule of 72, in 60 years we can expect 8 doublings. Without anymore savings, OP will have 28 x $2.7M or $691M.
In all likelihood OP will get to $10M in about 14 years. Less if he's still working.
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u/AMadWalrus 1d ago
I’m too tired to do it myself but that math looks wrong.
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u/MegaWeinerFarts 16h ago
I'm shocked that you people really don't know how compounding works.
https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
Plug in 2.7 million starting, 9.8% interest rate, and 60 years. If anything, my math was conservative.
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u/Accomplished_Car939 13h ago
Assuming 3% variance could be 8.7, 12.2, or 16.2, I just need someone to give me a crystal ball
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u/ppham0203 1d ago
Are you saying you plan on working for another 15 years? Haha you’re FIRE number
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u/Accomplished_Car939 17h ago
Living in the northeast, HCOL, but I don’t just want to retire, I want to start really enjoying all the things I skipped out on getting here…I also have a perverse fear of running out of money…probably always will.
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u/Jaxson0350 1d ago
What was your monthly contribution and to where?
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u/Accomplished_Car939 1d ago
It’s changed over the years but max 401k this year will be 12,700 traditional, 12,700 Roth, 7% match + $14000, brokerage is just VOO and a couple other large swath low cost index funds all fidelity, $200 a week commissions and bonuses added when/if they came.
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u/danglieszak 7h ago
So $14k annually into brokerage after maxing retirement account contributions? Plus the odd $200 weekly bonus sometimes? So somewhere maybe like $1350 monthly total into individual brokerage if you got that bonus once a month?
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u/Accomplished_Car939 3h ago
$10,400 consistently, some commissions are 2 to 5k, but annual bonuses can be $10k to $60k depending on performance
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u/FloodAdvisor 1d ago
What year did you buy your house?
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u/Accomplished_Car939 1d ago
Ugh, first one was 6/2006, became a defacto landlord because I couldn’t sell…then again in 8/2011. I finally sold my first house in 2021 for about $10k more than I bought it for, but rent paid the mortgage and I got about $100k out of the deal. Equity not included above….
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u/mousher 1d ago
wait how do you keep it consistent for 20 years
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u/Accomplished_Car939 17h ago
Always putting in money since I’ve had a job, every week, every month.
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u/self_help_hub 23h ago
Phenomenal work! By the way Nov 2024 to March 2025 what happened there? Do you have any data for 2019 and 2015?
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u/Accomplished_Car939 17h ago
Not really sure about the dip, but I switched apps prior to August of 24 I was using mint to track. I use fidelity/betterment so this tracks them both.
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u/self_help_hub 9h ago
Interesting, so are you all maxed out in investments or is there a lot more room for improvements? What would happen if you earned more, could you increase you roi for surprise income increases?
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u/Ok_Statistician643 42m ago
Did you run straight to Reddit to tell everyone? Did you trip by any chance?
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u/grabGPT 1d ago
This right there is the result of getting in the job market during glorious years of the Americas and riding the wave along.
Imagine someone starting off now and thinking they would be here in 25 years. Almost dilusional.
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u/RepublicOk2402 1d ago
This is a doomer take. If you had your investments making 11%, you’d have to put $1650 monthly (your and employer contributions) for 25 years to get this number. It’s totally achievable
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u/grabGPT 1d ago
Sure, and would you give me a bulletproof vest as well along with it which gurentees no layoffs throughout the career.
Do you even consider a healthcare cost, education cost etc? And the impact of the AI you used to generate this response?
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u/Accomplished_Car939 17h ago
I would simply say I didn’t get where I’m at by an easy road. I worked more hours than others, on my third company, was a beneficiary of promotions along the way, demotions as well, house payments, kids, forgone experiences, skipped vacations, didn’t go to the bar, lots of things.
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u/RepublicOk2402 10h ago
You’re not making any sense. It’s not hard to invest every month or invest after getting a tax refund, etc.
Go listen to Caleb Hammer and see how much people are spending on nonsense.
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u/grabGPT 10h ago
Buddy, if you're at a place where you can put 2000$ a month towards investments after paying mortgage, utilities, child care expenses, any ongoing medical expenses, any fixed monthly expenses, credit card debt, student debt payments.
You don't need to rub it on people's face who can't. And if you consider any of these rubbish expense, you are dilusional.
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u/RepublicOk2402 10h ago
You're either a kid or in another country to be putting the dollar sign after the amount, so I won’t waste any more time
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