How to become a millionaire by 55

Currently, my only retirement plan is to contribute the MAX towards my 401k($15,500) and Roth IRA($5000) for a total of $20,500.00

If I continue to contribute the MAX until am 55 and assuming the rate of return in the stock market to be about 5% a year, I will have approximately about $1 million dollars. Ofcourse, this would fluctuate based on market peformance over the next 20-25 years..

Shown above is the excel math....