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Haven’t hit the seven-figure mark? Here’s how to work toward it on your terms.
With fewer than 3% of American households having amassed at least $1 million in retirement savings, according to the Federal Reserve’s Survey of Consumer Finances, reaching a seven‑figure balance remains elusive. Meanwhile, the median retirement savings for people aged 65–74 is just over $200,000, with those 75 and older reporting around $130,000, according to Federal Reserve figures.
