You can have $1 million in 40 years if you start at age 25 with only $3,415. But you must earn 7% a year and increase the annual contribution by 3% per year. The question is “will that be enough, especially if you live another 30 years beyond age 65?”

“The $1 Million Retirement Nest Egg Myth” – Jeff Brown, Special to May 22, 2013