I'm in my late 30s and have grown my 401k to $273k - is it still possible to hit $1 million by retirement?
Briefly

from 24/7 Wall St.1 month ago
If you're still in your 30s, there's ample time to save up for that seven-figure nest egg. With the right financial plan, hitting the $1,000,000 milestone is achievable.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/13/im-in-my-late-30s-and-have-grown-my-401k-to-273k-is-it-still-possible-to-hit-1-million-by-retirement/
Though only ~3% of Americans have reached a million in their 401k, having a consistent plan and sticking to contributions can make this goal more realistic.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/13/im-in-my-late-30s-and-have-grown-my-401k-to-273k-is-it-still-possible-to-hit-1-million-by-retirement/
A million in a 401k may be ambitious, but someone who's relatively young and already more than 27% of the way there can certainly aim for it.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/13/im-in-my-late-30s-and-have-grown-my-401k-to-273k-is-it-still-possible-to-hit-1-million-by-retirement/
While it's tempting to increase spending as earnings rise, maintaining control over expenditures is crucial to achieving retirement goals and boosting that 401k.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/13/im-in-my-late-30s-and-have-grown-my-401k-to-273k-is-it-still-possible-to-hit-1-million-by-retirement/
Read at 24/7 Wall St.
#retirement-planning #401k-savings #financial-goals #compounding-interest #investment-strategy
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