3 Quick Actions to Jumpstart Your Millionaire Retirement Savings

Saving $1 million is a lofty goal, but if you have time on your side, the right investments, and consistency, you can do it. With a properly set time horizon, you can determine how much money you need to save every year with the rate of return you expect you'll earn on your investments. For example, if you earn an average rate of return of 8% and have 20 years, you can save $1.01 million if you can add $20,500 to your accounts every year.