People underestimate the time it'll take to get to a 4K iMac. We're looking at 2-3 years at the very least. The mass production just isn't there yet and Apple can only do so much to speed it up. Unfortunately, the manufacturing processes needed to make 4K displays are far from efficient and vary wildly in quality from one unit to the next.
Panels of a similar iMac screen size start at $20,000 and go up from there. They're mainly used in medical imaging and don't have the response time needed for everyday use.
4K monitors were made by IBM as early as 2000, and sold to the public in 2001. IBM T221 has a 22.2" 3840x2400 IPS panel. Maximum refresh rate from a single dual-link DVI video output is 31 Hz, with overclocking you can get up to 55 Hz from 2 dual-link DVI video outputs.
That's 1920x1200 HiDPI and you can use these with your Mac today. They are rare, and it is difficult to get them to work at your desired settings, but you can find one used for less than $1000.
Colors and black levels are not as good as on modern IPS panels. Colors are still better than on standard TN panels.
15" RMBP supports two of these at 3840x2400 @ 31 Hz plus its own internal display. I use them for web browsing and software development. Unlike standard monitors, I can use them in portrait mode without any decrease in picture quality. Text remains perfectly sharp and colors remain the same.
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