Vanguard account milestone

[disneysteve]

I know this doesn't really mean anything but I just logged into my Vanguard account and couldn't help but notice that my balance had ticked just over the $250,000 mark. I think that's the first time I've hit that total there. I still have a long way to go before I can even begin to think about retirement but realizing that I've accumulated a quarter of a million dollars all in one place still made me stop and think for a second. I started investing with Vanguard in August 1995 with an initial deposit of $3,000 and now not quite 18 years later here I am.

[creditcardfree]

Awesome! Congrats, Steve. That is a milestone I'm looking forward to seeing soon, too.

[boefixepa]

WOOHOO - Way to go, slow and steady wins the race!

[Petunia 100]

That's awesome, DisneySteve. Congrats!

[feh]

Yes, reaching big round numbers is fun!

Is that a taxable/brokerage account, or IRA(s)? Or a combination of both?

[disneysteve]

Is that a taxable/brokerage account, or IRA(s)? Or a combination of both?

It's a combination.

About $94,000 is taxable. The rest is IRAs.

I just logged in to answer this question, however, and realized that I was mistaken. I overlooked the fact that about $1,800 of that $250,000 isn't my money. It is my daughter's Roth IRA for which I'm the custodian so it shows up on my account list. So I'm actually not quite at the 250K mark, although I did send $500 to my Roth last night that isn't reflected yet so I'm very close.

[bjl584]

Congrats.

The next $250,000 will come much quicker.

[disneysteve]

The next $250,000 will come much quicker.

I certainly hope so. The power of compound interest at work.

It took 18 years to get to this point. If I continue to put $500/month into our taxable account plus $5,500/year into my Roth and earn 6%/year, in another 18 years I would have $1.1 million, 4 times what I have now, thanks to compounding. Hopefully I'll be retired before that point though so who knows.

[mrpaseo]

Congratulations DS, definitely inspirational. On a side note, I appreciate all that you bring to these forums.

Respectfully

[disneysteve]

Congratulations DS, definitely inspirational. On a side note, I appreciate all that you bring to these forums.

Respectfully

Thank you mrpaseo. I appreciate that. I'm glad if I'm able to help others with their finances.

[loebster]

Congratulation! 250K is pretty impressive. Its about enough to pay cash for a median sized home in the U.S. So that is pretty sweet.

I always wanted to hit 250K before I turned 30 ... didn't quite happen.

[snafu]

Congratulations, terrific milestone. Sure the stock market will go up and go down but we who are optimists believe it will be mostly advancements.

[scfr]

Keep it up! Just another $250K to reach Voyager Select status and $2 stock trades (plus other benefits), assuming they don't change the requirements.

[JustBill]

Good stuff Steve! I suspect you'll find a path to achieve "Flagship" status at Vanguard earlier than the 18 years you outlined however.

-Enjoy!

[Blessed]

Way to go Steve! I should really look at our accounts since the market has been doing so well.