How Many Years of Maxing Out a 401(k) Does It Take to Become a Millionaire?
Many people think the only way to be a self-made millionaires is to be a professional athlete, entertainer, or entrepreneur. But an average company employee can build a seven-figure nest egg starting with nothing. The key is time, and taking full advantage of all the retirement savings options offered to you by many major corporations, including company-matched contributions.
For most of us, this vehicle is a 401(k) plan.
But how long will it take a 401(k) to reach the million-dollar mark, and how much cash will need to be chipped in in the meantime? Here's a rough idea.
Source Fool.com
