How to retire with a million dollars if you make $50,000 a year

10:18 AM ET Wed, 4 Sept 2019

As a rule of thumb, most financial advisors suggest you save 10% to 15% of your annual salary. That percentage may be much higher if your yearly salary is $50,000 and your goal is to retire with one million in the bank. It's not impossible, however, with dedication and a lot of time. Here's exactly how much of your salary you'd need to tuck away to get there.