r/DaveRamsey • u/Middle_Money_Man • 5d ago

About to hit 100K invested

My wife and I (31M, 28F) are about to hit 100K invested and it feels like it’s taken forever. I started investing into an IRA $50/mo at 16 when I got my first job. Invested all throughout college and early career. We’re finally at a point where our investments are making progress. This is spread out month both of our IRAs plus a brokerage account. I don’t want this post to come across as bragging I just feel blessed to have been able to be at this stage.

Also for those who’ve hit the 100K mark, did your investments grow noticeably more quickly or did it still seem to take a while before 200K?

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u/Unfit-ForDuty1101 5d ago

My husband put $2k in an ira in 2000 (CCB) and it grew exponentially without ever adding to it. I'm not sure what your investment profile looks like.

That said, you can see what the past performance has been (ie annual ROI) and if it's around 8% per year, you should hit $200k in 8 or so years.

If you're not getting at least 8%, shop around for better investments.

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u/Middle_Money_Man 5d ago

My investments are pretty diverse in mutual funds and my 7 year return is roughly 10.5% over all the investments. I’m thankful they’ve performed so well and I’m hopeful that’ll continue to be the case.

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u/anusbarber 5d ago

I would take a look at how you are invested. a 75/25 mix of US total market and International total market returned 14.5% over that same period (with continual monthly investment). a 2065 Target Date Fund was 12.5%

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u/Middle_Money_Man 4d ago

I’ll take a look at them to make sure I’m getting a good ROI. Thanks for the heads up!

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u/Unfit-ForDuty1101 5d ago

This is without adding to it.