What it takes to become a millionaire

Source: Sharon Epperson, CNBC.com

The idea of becoming a millionaire may seem like a pipe dream. When it comes to retirement, most Americans doubt they've saved or invested enough to retire comfortably, let alone reach that million-dollar milestone. A new AP-CNBC poll finds nearly one-third (31%) of U.S. residents believe they would need a minimum savings of $100,000 to $500,000 if retiring this year in order to be confident of living comfortably in retirement, and 22% believe the minimum is $1 million or more to retire comfortably.

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