7 Years of Roth IRA Maxing

I've been investing in my Roth IRA for about seven years now. And since I've done a lot of content on my page about Roth IRAs and how important they are, I just wanted to give you some insight into what mine actually looks like. So I first opened up my account in 2020, right when I turned 25. So I had a late start to that contribution year in August. For that first month, I invested a thousand dollars. And then sequential months from September to December, I invested 1,250 dollars to meet that six thousand dollar contribution limit. In 2021, I had a career change, but I was still able to contribute 500 dollars a month to reach that six thousand dollar yearly contribution limit. In 2022, I was affected by layoffs that the tech world saw back then, but I was still able to hit that 6,000 dollar monthly yearly contribution max. Uh, and I hit that five hundred dollars a month. In 2023, we saw the contribution limit going up. This was to sixty five hundred dollars. Unfortunately, I was laid off yet again, but I was still able to hit that five hundred and forty one dollars a month to reach that contribution max. In 2024, we saw the maximum contribution go up to $7,000. Unfortunately, I was laid off for a third time and I wasn't living at home at the time, so I really had to cut back on any sort of expenses. In June, I got my job that I currently have now. And so I was able to start contributing. From then I invested a thousand dollars a month to reach that seven thousand dollar limit. In 2025, the limit didn't go up, but I was able to spread everything out monthly. So I was paying about 583 dollars a month. In 2026, we did see that limit increase again. So we're up to 7,500 dollars now. And I'm contributing 625 dollars a month and plan to max out that account by the end of the year. In total, at time of recording this, my contributions have been $41,825. And my total account value is just over $66,000. Over $25,000 in growth, 15% annual returns. Now, this is without any sort of rollovers or anything. This has just been purely from contributions and the gains that the stock market has had in that time. After maxing out my account for six years, last year was the first year that my total gains on the account outpaced the, uh, contributions that I made. And this year I'm on pace to see the same thing. Uh, my gains have already outpaced my contributions. And if things continue the way that they have been, they will nearly double my contributions this year. This is a long game, growth increases with your account value. I hope this shows you just the power of compound interest and compounding power that Roth IRAs have. Since you aren't able to back track your contributions, it really is important to start as soon as possible. But if you haven't started yet, now is the perfect time to get started. Bye.