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In One Chart: How long until you’re a 401(k) millionaire? Check this chart

The desire to impress on social media combined with soaring stock prices has given rise to an odd trend lately: People are posting snapshots of their retirement accounts online to celebrate how they’ve become 401(k) millionaires!

What a time to be alive.

Of course, such boasts are bound to lead to internet envy, especially since only about 54 million American workers put money into a 401(k) plan in 2015. According to Vanguard, the average 401(k) plan balance was about $100,000 in 2017 and the median balance was around $27,000.

The Financial Samurai blog crunched the numbers to show the time it would take, using various strategies, to reach millionaire status when starting from scratch.

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