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More millionaires, early retirements: 401(k)s soared this year because of the stock market

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The stock market’s rebound minted a record number of retirement-account millionaires this year, according to new data from Fidelity.

The number of 401(k) accounts with at least $1 million rocketed to 412,000 in the second quarter, the broker said in a Thursday report. That’s the most seven-figure balances on record and compares to a year-ago total of just 224,000.

Individual retirement accounts also surged. Roughly 342,000 accounts boasted balances of at least $1 million by the end of the second quarter, according to Fidelity. That’s up from the year-ago sum of 208,000 and also a record. details ⇒

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