There’s nothing more definitive in the journey to financial freedom than hitting the $1 million mark in retirement savings.
A nest egg like that is a near-guarantee that you could surmount any curveball the world throws at you, whether it is an unexpected family emergency or anything else.
While $1 million certainly sounds like a lofty milestone to many, it’s actually quite a common achievement:
Millionaire households in the U.S.: 11.3 million (8.95%)
Total households in the U.S.: 126.2 million
And contrary to popular belief, to become a 401(k) millionaire, you don’t need to strike it rich with a lucky stock pick, or use a crystal ball to forecast the future of the market.
Your best bet is to simply focus only on the factors you can control.
