Fidelity, one of the largest managers of workplace plans, reported that its number of 401(k) millionaires in the fourth quarter of 2021 jumped 32 percent to 442,000, up from 334,000 a year earlier. The number of IRA millionaires increased 30 percent, from 288,300 to 376,100, for the same time period.

Although the number of 401(k) millionaires in the plans that Fidelity manages is a relatively small percentage — 2 percent out of 20.4 million accounts — the growth is still staggering. As of Dec. 31, out of 12.3 million IRA accounts, 3 percent of investors had $1 million or more.

You can do it, and even if you don’t make it to the millionaires club having a $100k would be nice.

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