In 2013, Fritz Gilbert reached a goal he had worked toward for 28 years: His 401(k) hit the million-dollar mark.
With that tick to seven digits, Gilbert, who is 55, newly retired and founder of The Retirement Manifesto blog, joined an exclusive club: People who hit millionaire status with their 401(k)s.
At Fidelity Investments, which holds over 16.2 million 401(k) accounts, only 187,000 had balances of $1 million or more at the end of September.
So how did Gilbert and the other savers do it? Slowly. Here are five keys to 401(k) millionaire success.
Arielle O’Shea | NerdWallet