[SamAdams76]

The problem is we will have to pay to save these leeches

Yes you will. That is a given.

Over the years, I've built up a 401(k) into 7 figures but I know that it will eventually get seized to pay for those who never saved at all. As I get closer and closer to 59 1/2, the more tempted I am to just cash it all in, pay the penalty, and go live on a beach for the rest of my life.

[Undecided 2012]

True Sam but when u reach 60 u must think now about Uncle Sam. He loves when u want to grab your own money, he’s like gimme gimme

[minnesota_bound]

Own a Home and have a 401K plan. I own stock and saw it nearly triple in value in 1 year.

How to realistically save $1 million for retirement

10 Ways to Turn Yourself Into a Millionaire
The sooner you start saving, the more likely you’ll reach your goal, but you must be willing to increase your contributions.

Nearly 60% of companies with 401(k) plans automatically enroll new employees, usually at a 3% contribution rate. But that will leave you short of your goal. For example, if a 30-year-old makes $60,000 a year and contributes 3% a year, he’ll have about $367,000 by the time he’s 65 (that assumes a 3% annual raise and a 7% rate of return). But if he bumps up his contributions to 10%, he’ll end up with $1.2 million.

If your employer matches contributions (and the vast majority of large companies do), you’ll have an even better shot at reaching the million-dollar milestone. If the same 30-year-old earns $60,000 and contributes 10% of his salary to a 401(k) plan with a 50% company match of up to 6% of pay, by age 65 he will have nearly $1.6 million. Link to article