Lauren Perraut and her husband have half a million dollars in savings, despite not both making six figures or nearing retirement. They attribute their success to living within their means, following timeless advice, and maximizing employer matches for retirement accounts.

Americans believe they need $1.26 million saved for retirement at age 65, but many have saved less than a year’s income. To determine your retirement savings goal, calculate your expected retirement years, yearly income, and factor in possible expenses like medical care.

Building retirement savings into your budget and taking advantage of tax-advantaged accounts and employer matching programs can help you reach your savings goals. Consider adding unexpected financial gains to your nest egg for long-term growth, following the example set by Lauren Perraut’s father.

Read more at Yahoo Finance: This 32-year-old and her husband saved over $500K for retirement using simple money-saving tips. Here’s how