Can A 50-Year-Old Still Retire A Millionaire?

Can a 50-year-old still retire a millionaire? The good news is, yes, even starting in your 50s, you can still end up a millionaire. Obviously, it will take more diligent financial planning and investing to reach the millionaire or multi-millionaire club the later you begin accumulating wealth.

There are simple steps to follow in order to become a millionaire. Most notably, you need to save money regularly and over long periods of time. Many more people would be doing it if becoming a millionaire was easy. While the net worth of many hard-working Americans skyrocketed during the past few years, nearly half of all families have nothing saved for retirement. Keep reading to learn the basic math and what it will take for you to retire as a millionaire.