Home Lifestyle 45 Jobs That Can Make You a Millionaire Before Retirement

45 Jobs That Can Make You a Millionaire Before Retirement

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Jobs

Jobs That Can Make You a Millionaire Before Retirement.

So which jobs can you expect to do that? To answer the question, GOBankingRates used data from the Bureau of Labor Statistics (BLS) to determine the average salaries of many common jobs. Then, it deducted the cost of federal taxes and the average cost of living from that figure to show how much income you would have left over after covering the basics. Using that figure, the study then calculates how long it will take you to save up that $1 million while making an average salary in the profession. It doesn’t factor in the cost of your education — obviously a major expenditure for many of these occupations, based on their requirements — or how you can grow your savings through investment, but it should still give you a clear sense of how fast someone can stash away money in each job.

So, who can expect to reach that million-dollar goal the fastest? Here’s a look at which jobs will get you there.

45. Law Teachers, Postsecondary

  • Annual salary: $130,820
  • Annual salary after federal taxes: $98,688
  • Annual income after average expenditures: $37,354
  • How long it takes to earn a million dollars: 26 years 9 months 1 days

44. Health Specialties Teachers, Postsecondary

  • Annual salary: $133,310
  • Annual salary after federal taxes: $100,390
  • Annual income after average expenditures: $39,056
  • How long it takes to earn a million dollars: 25 years 7 months 1 day

43. Purchasing Managers

  • Annual salary: $134,590
  • Annual salary after federal taxes: $101,265
  • Annual income after average expenditures: $39,931
  • How long it takes to earn a million dollars: 25 years 0 months 8 days

42. Computer Hardware Engineers

  • Annual salary: $136,230
  • Annual salary after federal taxes: $102,385
  • Annual income after average expenditures: $41,051
  • How long it takes to earn a million dollars: 24 years 4 months 4 days

41. Human Resources Managers

  • Annual salary: $136,590
  • Annual salary after federal taxes: $102,632
  • Annual income after average expenditures: $41,298
  • How long it takes to earn a million dollars: 24 years 2 months 12 days

40. Public Relations Managers

  • Annual salary: $138,000
  • Annual salary after federal taxes: $103,595
  • Annual income after average expenditures: $42,261
  • How long it takes to earn a million dollars: 23 years 7 months 23 days

39. Astronomers

  • Annual salary: $139,410
  • Annual salary after federal taxes: $104,559
  • Annual income after average expenditures: $43,225
  • How long it takes to earn a million dollars: 23 years 1 month 12 days

37. Sales Managers

  • Annual salary: $142,390
  • Annual salary after federal taxes: $106,596
  • Annual income after average expenditures: $45,262
  • How long it takes to earn a million dollars: 22 years 0 months 28 days

36. Judges, Magistrate Judges, and Magistrates

  • Annual salary: $142,520
  • Annual salary after federal taxes: $106,653
  • Annual income after average expenditures: $45,319
  • How long it takes to earn a million dollars: 22 years 0 months 18 days

35. Computer and Information Research Scientists

  • Annual salary: $142,650
  • Annual salary after federal taxes: $106,773
  • Annual income after average expenditures: $45,439
  • How long it takes to earn a million dollars: 21 years 11 months 27 days
  • Annual salary: $142,860
  • Annual salary after federal taxes: $106,917
  • Annual income after average expenditures: $45,583
  • How long it takes to earn a million dollars: 21 years 11 months 2 days

33. Prosthodontists

  • Annual salary: $143,730
  • Annual salary after federal taxes: $107,512
  • Annual income after average expenditures: $46,178
  • How long it takes to earn a million dollars: 21 years 7 months 21 days

32. Petroleum Engineers

  • Annual salary: $145,720
  • Annual salary after federal taxes: $108,872
  • Annual income after average expenditures: $47,538
  • How long it takes to earn a million dollars: 21 years 0 months 7 days

31. Lawyers

  • Annual salary: $148,030
  • Annual salary after federal taxes: $110,515
  • Annual income after average expenditures: $49,181
  • How long it takes to earn a million dollars: 20 years 3 months 25 days

30. Physicists

  • Annual salary: $151,580
  • Annual salary after federal taxes: $113,161
  • Annual income after average expenditures: $51,827
  • How long it takes to earn a million dollars: 19 years 3 months 12 days

29. Marketing Managers

  • Annual salary: $153,440
  • Annual salary after federal taxes: $114,548
  • Annual income after average expenditures: $53,214
  • How long it takes to earn a million dollars: 18 years 9 months 11 days

28. Financial Managers

  • Annual salary: $153,460
  • Annual salary after federal taxes: $114,563
  • Annual income after average expenditures: $53,229
  • How long it takes to earn a million dollars: 18 years 9 months 9 days

27. Natural Sciences Managers

  • Annual salary: $156,110
  • Annual salary after federal taxes: $116,538
  • Annual income after average expenditures: $55,204
  • How long it takes to earn a million dollars: 18 years 1 month 5 days

26. Podiatrists

  • Annual salary: $158,380
  • Annual salary after federal taxes: $118,230
  • Annual income after average expenditures: $56,896
  • How long it takes to earn a million dollars: 17 years 6 months 24 days

24. Computer and Information Systems Managers

  • Annual salary: $162,930
  • Annual salary after federal taxes: $121,623
  • Annual income after average expenditures: $60,289
  • How long it takes to earn a million dollars: 16 years 6 months 28 days
  • Annual salary: $167,160
  • Annual salary after federal taxes: $124,776
  • Annual income after average expenditures: $63,442
  • How long it takes to earn a million dollars: 15 years 9 months 1 day

22. Dentists, All Other Specialists

  • Annual salary: $179,400
  • Annual salary after federal taxes: $133,901
  • Annual income after average expenditures: $72,567
  • How long it takes to earn a million dollars: 13 years 9 months 7 days

21. Airline Pilots, Copilots, and Flight Engineers

  • Annual salary: $198,190
  • Annual salary after federal taxes: $146,694
  • Annual income after average expenditures: $85,360
  • How long it takes to earn a million dollars: 11 years 8 months 15 days

20. Pediatricians, General

  • Annual salary: $198,420
  • Annual salary after federal taxes: $146,847
  • Annual income after average expenditures: $85,513
  • How long it takes to earn a million dollars: 11 years 8 months 7 days

19. Nurse Anesthetists

  • Annual salary: $202,470
  • Annual salary after federal taxes: $149,556
  • Annual income after average expenditures: $88,222
  • How long it takes to earn a million dollars: 11 years 3 months 29 days

18. Physicians, All Other

  • Annual salary: $231,500
  • Annual salary after federal taxes: $168,957
  • Annual income after average expenditures: $107,623
  • How long it takes to earn a million dollars: 9 years 3 months 13 days

17. Family Medicine Physicians

  • Annual salary: $235,930
  • Annual salary after federal taxes: $171,797
  • Annual income after average expenditures: $110,463
  • How long it takes to earn a million dollars: 9 years 0 months 16 days

16. General Internal Medicine Physicians

  • Annual salary: $242,190
  • Annual salary after federal taxes: $175,809
  • Annual income after average expenditures: $114,475
  • How long it takes to earn a million dollars: 8 years 8 months 22 days

15. Psychiatrists

  • Annual salary: $249,760
  • Annual salary after federal taxes: $180,661
  • Annual income after average expenditures: $119,327
  • How long it takes to earn a million dollars: 8 years 4 months 15 days

14. Physicians, Pathologists

  • Annual salary: $267,180
  • Annual salary after federal taxes: $191,827
  • Annual income after average expenditures: $130,493
  • How long it takes to earn a million dollars: 7 years 7 months 28 days

13. Orthodontists

  • Annual salary: $267,280
  • Annual salary after federal taxes: $191,891
  • Annual income after average expenditures: $130,557
  • How long it takes to earn a million dollars: 7 years 7 months 26 days

12. Neurologists

  • Annual salary: $267,660
  • Annual salary after federal taxes: $192,135
  • Annual income after average expenditures: $130,801
  • How long it takes to earn a million dollars: 7 years 7 months 21 days

10. Pediatric Surgeons

  • Annual salary: $290,310
  • Annual salary after federal taxes: $206,654
  • Annual income after average expenditures: $145,320
  • How long it takes to earn a million dollars: 6 years 10 months 15 days

9. Obstetricians and Gynecologists

  • Annual salary: $296,210
  • Annual salary after federal taxes: $210,436
  • Annual income after average expenditures: $149,102
  • How long it takes to earn a million dollars: 6 years 8 months 12 days

8. Surgeons, All Other

  • Annual salary: $297,800
  • Annual salary after federal taxes: $211,455
  • Annual income after average expenditures: $150,121
  • How long it takes to earn a million dollars: 6 years 7 months 27 days

7. Radiologists

  • Annual salary: $301,720
  • Annual salary after federal taxes: $213,968
  • Annual income after average expenditures: $152,634
  • How long it takes to earn a million dollars: 6 years 6 months 18 days

6. Dermatologists

  • Annual salary: $302,740
  • Annual salary after federal taxes: $214,621
  • Annual income after average expenditures: $153,287
  • How long it takes to earn a million dollars: 6 years 6 months 8 days

5. Orthopedic Surgeons, Except Pediatric

  • Annual salary: $306,220
  • Annual salary after federal taxes: $216,852
  • Annual income after average expenditures: $155,518
  • How long it takes to earn a million dollars: 6 years 5 months 3 days

4. Emergency Medicine Physicians

  • Annual salary: $310,640
  • Annual salary after federal taxes: $219,685
  • Annual income after average expenditures: $158,351
  • How long it takes to earn a million dollars: 6 years 3 months 23 days

3. Oral and Maxillofacial Surgeons

  • Annual salary: $311,460
  • Annual salary after federal taxes: $220,211
  • Annual income after average expenditures: $158,877
  • How long it takes to earn a million dollars: 6 years 3 months 15 days

2. Anesthesiologists

  • Annual salary: $331,190
  • Annual salary after federal taxes: $232,858
  • Annual income after average expenditures: $171,524
  • How long it takes to earn a million dollars: 5 years 9 months 27 days
  • Annual salary: $353,970
  • Annual salary after federal taxes: $247,460
  • Annual income after average expenditures: $186,126
  • How long it takes to earn a million dollars: 5 years 4 months 14 days
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