Are You on Track for a Millionaire Retirement With Only a 401(k)?
Your 401(k) can be an incredibly powerful tool if you'd like to reach millionaire status by the time you retire. The big challenge with it is that it can be a bit difficult to tell whether you're on track to reach that target while you're still on that journey. After all, getting there depends both on how much you contribute and what rate you earn on your investments along the way.
Knowing whether you're on track or not can make a huge difference to you. If you're ahead of where you need to be, you can cut back on your retirement savings to focus on your other priorities. If you're behind, then making a small adjustment quickly might be much easier than either making a larger adjustment later or missing your goal altogether. With that in mind, read on to find if you are on track for a millionaire retirement based only on your 401(k).
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Source Fool.com
