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A week into my soul-sucking first job out of college, I hatched a brilliant retirement plan. Simply make a million dollars, dump it into a savings account, and live like a king on the interest. At a whopping 5% interest rate back then (similar to 2024), I was set to rake in $50,000 a year without lifting a finger. It all made perfect sense...until I really dug into the 'simply make a million dollars' part of the plan. A bit daunting at first once I ran some calculations to determine how long it would take to make, let alone keep, a million dollars based on my meager salary. I realized I had to do more than just save money, I had to let it grow. Grow to a million!