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Home » Deep Briefs »  » How to Retire a Millionaire: The 6 Step Plan For Investors

How to Retire a Millionaire: The 6 Step Plan For Investors

Author: Nate Gregory
Published: Mar 16, 2026 
Disclosure: Briefs Finance is not a broker-dealer or investment adviser. All content is general information and for educational purposes only, not individualized advice or recommendations to buy or sell any security. Investing involves significant risk, including possible loss of principal, and past performance does not guarantee future results. You are solely responsible for your investment decisions and should consult a licensed financial, legal, or tax professional before acting on any information provided.
Summary:

Retiring a millionaire is not as impossible as some investors may think.

It is about building a simple financial system, investing consistently, and letting time do the heavy lifting.

But developing your mindset may be the glue that holds together this strategy.

When you first start investing, a million dollars feels so far away.

But the reality is: Becoming a millionaire by retirement isn’t actually as impossible as it may seem.

And it does not require a lucky break, a hot stock tip, or a large inheritance.

Investors that retire with wealth over 1 million dollars did something far more powerful than any lucky stock tip could ever take you.

They built a system, followed it for decades, and let compound interest handle the rest.

Let’s break down how you can retire a millionaire in 6 simple steps and maintain a mindset that helps you build wealth faster than most.

During the workshop he’ll show you how to build a system that helps you spot market shifts and potential investment opportunities in any market.

A million dollars at retirement will not buy what a million buys today. Our CEO Jaspreet Singh explains how to plan for that on September 29th in his free workshop on how to profit from a dollar that is losing its value.

The Problem: Most People Are Doing It Wrong

The average person lives by what you might call the two S's: saving and spending.

They save a little, spend everything else, and wonder why the needle never moves.

Here is the hard truth: You can’t save your way to wealth.

Inflation eats away at the buying power of cash sitting in a savings account. 

That means a dollar saved today buys less ten years from now. 

So if your money is not growing, it is actually shrinking.

The goal is not to save more - the goal is to build a system that works for you, even when you are asleep.

Step 1: Build Your Financial System First

Before you invest a single dollar, you need a plan for every dollar you earn.

A simple rule to follow is the 75-15-10 plan:

  • Spend no more than 75 cents of every dollar you earn.
  • Invest a minimum of 15 cents of every dollar.
  • Save a minimum of 10 cents of every dollar.

For every dollar coming in, your money already has a job.

If you want to move faster go more aggressive with the 50-30-20 plan: spend 50%, invest 30%, save 20%.

This is better for those with fewer responsibilities or more time to invest.

Most people are used to spending every dollar they earn, so it’s tough to start building a financial base.

And you may even have to sacrifice for a while in order to get things started.

But, you’re slowly making sure you're investing to build your wealth before you spend all of the money you make.

Pro tip: Set up three separate bank accounts:

  • One for spending. 
  • One for investing. 
  • One for savings. 

These three bank accounts will make sure you don’t accidentally spend your investing money, or vice versa.

It automates payday - which takes the emotion out of money and let’s you start building wealth on autopilot.

Step 2: Get Out of High-Interest Debt

You cannot build wealth while debt is bleeding you dry.

If you are carrying high-interest debt (credit cards, personal loans, buy now pay later traps) that is your first investment.

Paying off a 20% credit card is the same as earning a guaranteed 20% return. No index fund can promise you that.

Two strategies for paying off debt:

StrategyHow It WorksBest For
Debt AvalanchePay highest interest rate firstSaving the most money overall
Debt SnowballPay smallest balance firstStaying motivated with quick wins

Pick whichever one you will actually stick with - both can work for the right person.

Once high-interest debt is gone, redirect every dollar that was going toward payments straight into your investments.

Step 3: The Power Of ETFs

Most people assume you need to find the next Amazon to retire wealthy. You do not.

Historically, investing just $100 a month into the S&P 500 - and staying consistent through retirement - would have made you a millionaire.

The S&P 500 is an index - a basket of the 500 largest companies by market cap in America. 

When you invest in it, you own a tiny piece of all of them at once: Apple, Microsoft, Nvidia, Visa, Coca-Cola, and hundreds more.

Here, you’re not trying to beat the market - you're trying to match it.

And, you don't have to worry about picking individual stocks. You’re investing in sometimes hundreds of companies, so if one fails, you’ve got others to rely on.

This is called passive investing, and it is the strategy behind some of the most successful investors in history. 

John Bogle - the man who invented index tracking and founded Vanguard - summed it up simply: “Do not look for the needle in the haystack, just buy the haystack.”

ETFs, or exchange-traded funds, are the simplest to do this. 

Two popular options that track the S&P 500:

  • VOO - Vanguard S&P 500 ETF
  • SPY - SPDR S&P 500 ETF Trust

Both give you broad market exposure with very low fees.

Keep in mind: This is not us telling you what to buy or invest in. 

Ultimately, you have to do the research yourself to figure out what makes the most sense for you based on your risk tolerance, goals, and time horizon.

Always do your own due diligence before investing - as the quickest way to make sure you won’t become a millionaire is by blindly listening to people online or ChatGPT.

Step 4: Use Tax-Advantaged Accounts

Did you know: The government will give you a tax break when you save for retirement.

A tax break = less taxes you may have to pay, which means you keep more of what you save.

Two accounts every investor should know:

Traditional 401k or IRA Your money goes in before taxes, grows tax-free, and you pay taxes when you withdraw in retirement. 

If your employer matches your 401k contribution, that is free money, so it may make sense to take advantage of this time of account.

Roth 401k or IRA You pay taxes now, your money grows tax-free, and withdrawals in retirement are tax-free. 

This could be a strong choice if you expect to have more income, and face higher taxes, later in life.

A key warning: the founder of the 401k has publicly said that a 401k alone is not enough to retire on. It is a great starting point - but it is not the finish line.

Consider using tax-advantaged accounts when it makes sense, but also understand that you may need to do more in order to retire as a millionaire.

Step 5: Automate Your Retirement Saving With DCA

The biggest enemy of building wealth is not the market. 

Sometimes, it’s you.

When markets drop, many investors panic and sell. 

When markets surge, they rush in too late. 

Both can be expensive mistakes without the right research, understanding, and education.

This is why some investors choose a more passive method called dollar cost averaging (DCA).

This strategy means investing a fixed amount on a regular schedule, no matter what the market is doing.

If markets are up, your $100 may buy fewer shares. 

If markets fall, your $100 buys more shares. 

Over time, you end up with an average price across all conditions.

More importantly: You remove emotion from the equation entirely.

Take it one step further with CPA - Consistent, Patient, Automated investing:

  • Consistent - invest the same amount on the same schedule.
  • Patient - stay in for the long term (10, 20, 30 years).
  • Automated - set it and forget it through your brokerage platform.

Most major brokerage platforms let you set up automatic investments in minutes. 

Once it is running, your wealth is growing on autopilot - whether you are watching the market or not.

Step 6: Watch Your Fees

This one is small and easy to overlook. But it can quietly cost you hundreds of thousands of dollars.

Every fund charges what is called an expense ratio - a small annual fee for managing the fund.

Here is why it matters:

Expense RatioImpact on a $1M Portfolio
0.03% (index fund)Costs roughly $300/year
1.00% (actively managed fund)Can cost up to 28% of your total portfolio over time

A 1% fee does not sound like much. But that fee compounds the same way your money does - costing you more every single year for decades.

If you’re going the passive route, lower fees are the goal. 

The Mindset That Makes All of This Work

The financial system above is straightforward. 

The hardest part? Time.

Building wealth does not happen over night - it takes a lifetime of forming habits and discipline.

Wealth is built in what you might call the decade of sacrifice - a period where you earn more, spend less, and invest aggressively. 

The goal is not to live like this forever - but long enough to let the compounding engine get started.

The investors who retire wealthy are usually not smarter than everyone else.

They’re the ones that do one thing better than most: Be consistent.

Retire A Millionaire: The Bottom Line

Retiring a millionaire comes down to five moves executed consistently over time:

  1. Build a financial system (75-15-10).
  2. Kill high-interest debt.
  3. Create a financial base.
  4. Use tax-advantaged accounts (401k, Roth IRA).
  5. Automate your investing and keep fees low.

You do not need to be rich to start. 

You need to start to eventually be rich.

Retiring a millionaire only works if you account for what a dollar is worth by then. Join our CEO Jaspreet Singh on September 29th for a free workshop on how to profit from a dollar that is losing its value.


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