build a $1 million retirement fund

How to Build a $1 Million Retirement Fund

Yesterday, we discussed whether or not $1 million is enough money to live on in retirement. The general consensus was—it depends on the person, but that for most people to be able to enjoy the type of lifestyle they would like to lead in retirement, it will take more than $1 million. However, if you are feeling behind—or just starting out—in regard to retirement saving, then $1 million is a good initial goal to have. You will not go hungry with $1 million in your retirement fund (though expensive meals spent overseas may not necessarily be on your agenda). So how do you build a $1 million retirement fund? Here are a few strategies that can help.

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