Americans think they need $1.26M to retire, but most won’t reach that number. Here are 3 steps to join the millionaires

To do this, you could maximize contributions to tax-efficient savings plans like the 401(k), Roth IRA and others, then see if your employer matches any contributions.If you can sock away more than this, you could put yourself ahead of your peers. Aiming for a monthly savings rate of at least 10% could improve your odds of a million-dollar retirement, especially if you’re putting that money to work over 30 years.As of November 2025, Americans’ average personal savings rate was just 3.5%, according to the U.S ...