👴👵 Find Out How You Can Save Like a 401(k) Millionaire (AARP Article)

[SummerOnTheWay1]

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!!

How to Save Like a 401(k) Millionaire.

More Americans than ever have seven-figure nest eggs; this blueprint can help build yours.

By Tamara E. Holmes, AARP. Published July 22, 2024.

Who wants to be a 401(k) millionaire?

Most of us, probably. And those who make it are growing in number. Fidelity Investments, one of the biggest retirement plan providers, reported a record 485,000 seven-figure accounts among its 401(k) plan holders in the first quarter of 2024, a 43 percent increase from a year earlier.

https://www.aarp.org/retirement/planning-for-retirement/info-2024/401k-millionaire-saving-tips.html

[RN362636 · Accepted solution]

Fidelity manages 51 million retirement accounts, so 485,000 seven figure accounts is not all that impressive. It is less than 1% of all accounts. The average Fidelity 401K balance for the 3rd quarter of 2025 was $144,400, far less than one million. It is my understanding from various sources that 91% of retirees have less than $500,000 in retirement savings. The suggestions in the article are pretty good though. Hopefully more will follow good suggestions and be able to retire more comfortably than social security alone.