You are using an older browser version. Please use a supported version for the best MSN experience.

How your 401k can make you a millionaire

GOBankingRates Logo By Cameron Huddleston of GOBankingRates | Slide 1 of 11: That 401k plan your employer offers as a workplace benefit could be your ticket to riches. Just ask Fritz Gilbert. Saving in a 401k made him a millionaire.Gilbert started setting aside a portion of each paycheck in a 401k in 1985. By 2013, he had $1 million saved up. He plans to retire in June 2018 at the age of 55 and never work another day in his life. He's been blogging about his journey to early retirement at The Retirement Manifesto.Although a recent GOBankingRates survey found that 42 percent of Americans have less than $10,000 saved for retirement, your 401k could make you a millionaire if you make the most of it, as Gilbert did.Click through to follow his tips and learn how to increase your savings and retire rich.

How your 401k can make you a millionaire

That 401k plan your employer offers as a workplace benefit could be your ticket to riches. Just ask Fritz Gilbert. Saving in a 401k made him a millionaire.

Gilbert started setting aside a portion of each paycheck in a 401k in 1985. By 2013, he had $1 million saved up. He plans to retire in June 2018 at the age of 55 and never work another day in his life. He's been blogging about his journey to early retirement at The Retirement Manifesto.

Although a recent GOBankingRates survey found that 42 percent of Americans have less than $10,000 saved for retirement, your 401k could make you a millionaire if you make the most of it, as Gilbert did.

Click through to follow his tips and learn how to increase your savings and retire rich.

© Fritz Gilbert

More from GOBankingRates

GOBankingRates
GOBankingRates
image beaconimage beaconimage beacon