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Here is the roadmap to join nearly a half-million 401(k) millionaires. ... Yet, earning a 10% annualized return (the S&P 500's historical average) would mean retiring with $556,000 at age 67. Now ...
The idea of becoming a 401(k) millionaire may seem unrealistic to some. After all, most people just don't seem to earn enough money at their jobs to amass a seven-figure account with their ...
For the record, most people don't have a million-dollar 401(k) account. There's usually just not enough income or enough time to grow a work-sponsored retirement plan into a seven-figure stash.
Here are eight ways you can become a 401(k) millionaire: Start saving as soon as possible. Take advantage of matching employer contributions. Focus on increasing your earnings.
Million-dollar 401(k) accounts are pretty rare, for the record. There's usually just not enough time -- nor income -- to reach that mark. ... But more choices don't necessarily mean better returns ...
Given that the average 401(k) balance for the 65-and-over crowd is in the ballpark of $270,000 (according to Vanguard), it's safe to conclude there aren't many 401(k) accounts worth $1 million or ...
Everyone's financial journey is unique, but the 401(k) is a game changer everyone should consider.
According to a recent report by Fidelity, the number of 401(k)-plan millionaires eclipsed 544,000 out of just 24 million plan participants. This is an increase of 9.5% from the previous quarter,...