Maxing Out Your 401(k) Can Make You a Millionaire by Age 50
Reaching millionaire status is something many people dream about, but few are able to achieve. However, with retirement costs soaring and retirees living longer, $1 million may be a reasonable goal if you want to enjoy your senior years comfortably.
The good news is that although saving $1 million may be a daunting goal, it is possible. And if you're able to max out your 401(k) year after year, you could reach this target well before the traditional retirement age.
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Source Fool.com