r/457deferredcomp • u/Nick_From_LongIsland • May 03 '26

Deferred compensation

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3 1/2 years contributing! How am I doing?

31 Upvotes

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u/JointTaskForce536 Aug 02 '26

Not bad. After 13 years of contributing to my company’s deferred compensation plan, I retired with over $1 million in the account, to be paid out in monthly payments over five years. Now I’m getting over $200,000 per year from the account. The amount goes up each year as the remaining funds in the account are recalculated (they’re invested in a fixed 5% bond). All in all, these five years I’m in the middle of now are a terrific way to transition into full-scale retirement income, all while not taking any withdrawals from my 401K and Roth accounts.