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I think there are more 401(k) millionaires than you realize. At 10% compounded it takes 25 years of saving 10,000 a year.

I did some projections on my own money and, if one includes both the member and employer balances in my pension, between my pension, 403(b), Roth IRA, and taxable investments, in 10 years when I retire it looks like the total will be about $1.2M, assuming 9% growth and continuing levels of contributions as at present. Of course a whole lot can happen between now and then.

My income isn't all that fantastic--I am just a working stiff at a community college--but I have been dilligent saving and about 5 years ago got serious about the 403(b) and later in taxable investments. It does help to live way below my means and to direct as much money as possible to savings and investing.
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