Many people have the goal of being able to retire with $1 million. And while it can be argued that fixating on a specific savings amount isn't so helpful, the reality is that a $1 million nest egg might do a lot of good for your senior years.

But that doesn't mean you have to contribute $1 million to your 401(k) or IRA, or whatever account you're savings and investing in, directly. That's a lot of money to part with. If you make these moves, you might end up growing just $100,000 in contributions into a much larger sum.

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Source Fool.com