> That's about $16k/year, which means it would take that household an entire lifetime to save up a million dollars. ~23 years if you add $16k a year and compou

> That's about $16k/year, which means it would take that household an entire lifetime to save up a million dollars. ~23 years if you add $16k a year and compound at 8% (below average S&P return for our lifetimes). If you increase contribution along with pay increases the time to a million will be less, small changes in return % also make a huge difference. Not exactly overnight, but also completely doable.