3 Steps to Retiring a Millionaire Even if You Have No Savings

Reaching the million-dollar mark by retirement age is a challenge, but it's not impossible. There are approximately 233,000 people with at least $1 million in their 401(k) accounts, according to research from Fidelity Investments. But if your goal is to eventually join that exclusive club, you'll need a strategy.

Although saving a substantial amount of money for retirement is easier if you start earlier in life, you can still retire a millionaire even if you're off to a late start. If you're just beginning to save, these three steps can help you retire rich.

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Source Fool.com