401K Millionaire? The Simple Path To Early Retirement At 55 (Tax-Smart Edition)

2026-01-08 14:06:05 ET

55 might be your key age to break free as a 401K millionaire

For those who have remained steadfast buy and hold investors in the market ( SPY )( VOO )( IVV )( DIA )( QQQ )( VTWO ) over the past decade, you might very well be a 401K millionaire if you are reading this. The number just keeps growing, and Fidelity is now seeing large cohorts of millennial millionaires :

The pool of 401(k) millionaires, an all-time high, totaled 654,000 in September, up from 595,000 at the end of June, according to Fidelity Investments. Historically the 401(k) millionaires have been Gen X and Boomers, but as they are now getting further in their careers, we're starting to see millennials reach the million dollar milestone, which is an interesting change to note,” Michael Shamrell, vice president of workplace thought leadership at Fidelity Investments

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