Prices for nearly everything have jumped significantly since before the coronavirus pandemic. This can make saving $1 million for retirement more challenging, as many households have less room in their monthly budgets due to increased costs. But the fundamentals behind saving for retirement remain the same.
“It’s really about patience,” says Ryan Viktorin, CFP®, vice president and financial consultant at Fidelity’s Investor Center in Framingham, Massachusetts. “With a repeatable process, it can happen over time.”
