3 Ways to Grow $100,000 Into $1 Million for Retirement Savings

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Most people who become millionaires in retirement do so slowly over time. Saving $100,000 is a great first step. But the big question is, how you can go from $100,000 to $1 million by the time you hit retirement?

The approach that you’ll want to take is going to depend on your risk tolerance, your knowledge of — and interest in — different types of investments, and your timeline for retiring.

Here are three different approaches to consider. 

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