Tue Jun 04 2024, by Tyler Gardner
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.
Source