Tue Jun 04 2024, by Tyler Gardner

Roth 401(k)Retirement PlanningCompound InterestWealth BuildingFinancial Independence

How I Retired with $13.3 Million in a Roth 401(k)

Tyler.

Yep.

Says here you're retiring with $13.3 million.

That's right.

That can't be right.

Oh, you must have missed the memo. You see, this is a Roth 401(k).

So?

So contribution limits are $23,000 a year, and I just maxed it out each year.

But even that only adds up to $23,000 times 40... that’s $920,000.

Ah, you're not taking into account the eighth wonder of the world.

Zach Morris?

No. Compound interest.

I contributed $920,000 to that account and then sat back, read some books, and just watched it grow. And grow. And grow.

So you didn't even have to work for $12 million of this money?

Oh, I don't work for my money. My money works for me.

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