India, Sept. 6 -- The number of 401(k) millionaires has hit a record high.The number of Fidelity Investments 401(k) accounts with at least $1 million reached 769,000 in the second quarter of 2026. The number of million-dollar accounts jumped 19% in just three months.

Fidelity said the number of 401(k) millionaires rose 19% from the first quarter to the second quarter. The increase was helped by a strong stock market and high employee contribution rates. But 401(k) millionaires are still a very small group. Fidelity manages about 25.8 million 401(k) accounts, and only around 3% of them have balances of at least $1 million. Fidelity provided the figures cited by CBS News.

So how did these workers reach $1 million? Saving for a long time i...