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The Short Answer

What Does It Take to Have a $1 Million 401(k)?

Saving a considerable amount for retirement might not be as hard as you think.

Let's say your goal is to save a million dollars by the time you retire. For many people, that sounds like a Herculean task. 

What are you picturing right now? If you are imagining squirreling away money for decades and holding it in cash (which has returned 0.4% after inflation* over the past 90 years), you would need to sock away a lot of money to get to a million. And along the way, your budget could be really tight.

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