Do you have 1 million saved for retirement? May not be enough.

[Xyzse]

74. That is if you live long enough to hit retirement age.

Many nowadays are living so unhealthily, and their food is even worse, where some are stuck with life-long medication that would only prolong their life for a good 10 years if being hopeful about it.

Saying that, to reach $1,000,000 you have to employ quite a bit of strategies to reach it, along with a modicum amount of luck.

1 - Try to have matching funds with your employer in to the 401K or retirement savings that they do have. See how much you can go for, if you can maximize it, go for it, otherwise, do what you can. The idea here is, that money taken out of your initial pay check, that you don't get to see in the take home pay is saved up. It forces you to live within those means. Again, some of this involves luck, and a job that allows for such a thing. Mind you, I don't trust 401Ks since they are subject to quite a bit of fees that the company you work for and the company selling mine, where many times you don't get the full value of your money and lose a third of it or more.

2 - If you can, set up an automatic draft in to a ROTH IRA or something else. Mutual funds are great as well. In fact, my strategy has always been to take my whole pay check and put it up to a Mutual Fund. I write myself a check from my Mutual Fund for my expenses, and that is all I use up. It is also my method of paying down debt. I save through there, and when it reaches enough savings, I put in a larger payment to draw down the debt.

3 - Know that using a regular savings account in a bank is basically just going broke slowly. Gone are the days when the banks savings are at 3-4%. You'd be lucky to get a savings account that gives you a full percentage point. It is the @sshole bankers fault and the Feds that I blame for this one. By flooding the market with cheap money, without strings to make sure they lend to the people, it just allowed them to horde that money and kill their competition by taking them over. That is all kinds of messed up.

Any how... I have already mentioned and accepted to myself that I will never stop working.
I am going to shut up for now.