A million-dollar nest egg is still significant, but a rarity in liquid assets for retirement portfolios. However, focusing on maximizing current assets is more important than arbitrary milestones. Only 4.6% of US households have retirement accounts worth $1 million or more. Fidelity reports 654,000 401(k) participants with million-dollar accounts. Northwestern Mutual states Americans need $1.26 million for retirement, but less can still secure a comfortable retirement. Social Security benefits and consistent saving are crucial. Many million-dollar retirement accounts started small, emphasizing the process over the end goal. Consider maximizing Social Security benefits for an additional $23,760 annually.

Read more at Nasdaq: How Many People Really Save $1 Million for Retirement?