11 Steps to Becoming a Retirement Millionaire

Retiring with $1 million to your name would give you around four times the net worth that the median American household has in retirement. As a result, even if a million bucks isn't worth what it used to be, it's still a great target to strive toward. Of course, a million dollars won't just fall into your lap. If you want to reach millionaire status by retirement, you need to build and execute a plan that gets you from where you are to that rarefied status in the working years you have left.

Fortunately, with enough time, a decent income, and a solid plan, you can get there, almost no matter where you're starting from. These 11 steps will help you along your path from where you are to what it takes to become a retirement millionaire.

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Source Fool.com