Americans believe they need $1.26 million for retirement, with $1 million as a milestone. Fidelity reports 654,000 401(k) millionaires, with consistent high savings rates and market gains. Average 401(k) balances are up, and millennials prefer Roth IRAs. Start saving early and consistently to reach millionaire status.

401(k) millionaires are on the rise, with boomers and Gen Xers seeing increased balances. Saving $400 monthly with a 7% return for 41 years could yield over $1 million. Automatic investing apps like Acorns can help you start small and build your savings over time.

New investment platforms like Homeshares and Lightstone DIRECT offer access to real estate markets for accredited investors. Arrived allows non-accredited investors to invest in rental properties for as little as $100. These platforms provide opportunities for hands-off investing in a traditionally lucrative market.

Read more at Yahoo Finance: More Americans are breaking their way into the 401(k) millionaire club than ever. Here’s what they’re doing