[USER]

Planned on retiring in 9 years with as close to a million dollars in my 401k as i could get. 2 months ago I had 400k in my 401k all invested the s&p 500.

It’s at 330k now and steady dropping.

I contribute 27k a year to my 401k now. What are my chances to get to one million now?

[Zane]

Chances are improved if you hold global equity; not just the S&P 500.

[Jasmine]

How old are you? I ask because the market dips all the time. Do you pull out each time?

Also, you don’t need all the money in 9 years at once.

[Jason]

I ran a worst case scenario for you.
if the market behaves just like 2008 cycle (-57% peak to trough) your portfolio recovers 2024 highs in 2030 and grows to 1.05M by 2035.

(assuming your 27k annual contributions and 8% growth 2030-2035)

[Hin]

With a 9 year time horizon now would be a perfect time to increase your contributions.

[Hesham]

You are still on track to get to your goal if you keep contributing and if the market returns an average of 8% annually moving forward.

[Araya]

chance are good, depends how much you invest, the risk level, what you invest in and if it is a balanced portfolio

[Sunshine]

Consider investing in a more diversified fund than the S&P500. A global tracker may not have performed as well as the S&P500 over the last few years, but you’re not tied to the economic fate of one single country.

The US has been the largest, and strongest economy in the world (despite what Trump is telling everyone), but recent events show that even the US can take a wrong turn.

VWRA is a good example, it still has a large US percentage, but also has the rest of the world represented.

Don’t worry, businesses will adapt and change, some will go up and some down, and your funds will recover, plus the contributions you make now, will work harder for you as markets recover.

[Heather]

Your chances are better now because of this drop. You have 9 years and are still contributing, so this is perfect timing to buy low.

Over time, it goes back up and what you bought on sale will be worth even more.

[Aaron]

It’s been 2 days. Did you never think the market would go down? Diversification ion is key

[Rebecca]

The billionaires who own us won’t let this continue but it’s definitely going to take a while to get back up now.

[Leslie]

Keep buying and ignore the numbers in your portfolio. When the market turns around it will go back up.

[Goss]

Depends on how hard you shake a magic 8 ball.
Nobody can predict the market, but it trends upward. Risk management isn’t about timing, it’s about stomach and age.

If you can’t handle the swings you’re experiencing, you need to have some balance and safe haven or talk to someone to keep you from looking at it so often and away from tall bridges.

30 years ago a cellphone was for phone calls, the internet was in its infancy, and gasoline was less than a dollar a gallon.

If anybody really knew what was coming, you’d know them by name.

Relax, and speak with a professional. It’ll be alright.

[Grantly]

Absolutely critical for you that it comes down even more. You need to buy as cheap as possible and for as many years as possible.

It’s a fine line though- as it’s going to be necessary to stay employed.

I think this helps, not hurts as long as you stay working.

For those in retirement or nearing- it can feel devastating. Don’t think we will really think much about this a few years from now…

[Karen]

Better than ever. HOLD AND BUY MORE. I’ve been doing this for 20 plus years. The market always roars back.

[Micah]

Bull markets will make you rich, but Bear markets will make you wealthy! With a 10 year horizon, this pull back is welcome news.

Stay the course!

[Frank]

I made most of my money during the 2008 pullback.. every day its seemed the market dropped and dropped.. I kept investing religiously.

I probably had a round $200k at the time.

I retired in Jan 2014 with $1.3M.

[Don]

Let’s just assume the market returns 10% consistently the next 7yrs…You’re only up to $660K assuming no more drops

[Author]

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