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How To Save $1 Million By Retirement

How much will you need for retirement? For many people, the magic number seems to be $1 million.

“I think a million dollars is a good goal to have in mind, but it depends on a person’s unique circumstances,” says Mindy Yu, director of investing for Betterment, a 401(k) retirement plan provider. Your specific retirement savings needs will depend on factors such lifestyle choices and the cost of living in your area.

While saving $1 million for retirement may seem daunting, it can be a doable goal, especially if you follow these tips…

This post originally appeared at U.S. News & World Report.