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Are You on Track to Reach a Millionaire Retirement? 3 Questions to Ask Yourself.

TheMotleyFool

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Are You on Track to Reach a Millionaire Retirement? 3 Questions to Ask Yourself.: https://g.foolcdn.com/editorial/images/777357/older-person-looking-out-a-window-and-smiling.jpg

Many Americans share the goal of retiring as millionaires, but it's not easy to achieve. According to Vanguard's 2023 How America Saves report, the average Vanguard 401(k) holder had a balance of just $112,572. Even among those 65 and older, the average balance was only $232,710.

While it's tough to reach millionaire status, the steps to get there are simpler than you might think. To see whether you're on the right track, ask yourself these three important questions.

Image source: Getty Images.

Source Fool.com

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