Having $1 million in retirement savings might sound like a far-off dream, but the truth is the first $100,000 is the hardest.

Hustling to build a $100,000 investment account is a huge milestone. Famed investor Charlie Munger once told a young attendee at a Berkshire Hathaway shareholder meeting in the 1990s that once you have $100,000 you can "ease off the gas a little bit." That is to say, once you have this amount, compounding can take care of a lot of the work for you.

That doesn't mean you don't have to keep putting in effort and work to grow your nest egg. It just means it'll come a lot faster than you might expect. Here are three ways to grow $100,000 into $1 million for retirement.

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Source Fool.com