45 Jobs That Can Make You a Millionaire Before Retirement




  • In Business
  • 2022-08-12 17:42:41Z
  • By GOBankingRates
Asia-Pacific Images Studio / iStock.
Asia-Pacific Images Studio / iStock.  

Many Americans harbor a dream of becoming a millionaire, but precious few manage to reach that goal in their lifetime. After all, the multitude of costs that come with living and raising a family make saving enough income to hit that second comma on your net worth a challenging feat. You need the sort of job that's going to pay well in excess of what it takes to cover your bills.

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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.

skynesher / Getty Images
skynesher / Getty Images  

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

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SeventyFour / Getty Images/iStockphoto
SeventyFour / Getty Images/iStockphoto  

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

Kerkez / Getty Images/iStockphoto
Kerkez / Getty Images/iStockphoto  

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

Wavebreakmedia / Getty Images/iStockphoto
Wavebreakmedia / Getty Images/iStockphoto  

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

SolStock / Getty Images
SolStock / Getty Images  

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

PeopleImages / Getty Images
PeopleImages / Getty Images  

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

MEDITERRANEAN / Getty Images
MEDITERRANEAN / Getty Images  

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

kupicoo / Getty Images
kupicoo / Getty Images  

38. Compensation and Benefits Managers

  • Annual salary: $139,470

  • Annual salary after federal taxes: $104,601

  • Annual income after average expenditures: $43,267

  • How long it takes to earn a million dollars: 23 years 1 month 3 days

EmirMemedovski / Getty Images
EmirMemedovski / Getty Images  

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

AndreyPopov / Getty Images/iStockphoto
AndreyPopov / Getty Images/iStockphoto  

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

gorodenkoff / Getty Images/iStockphoto
gorodenkoff / Getty Images/iStockphoto  

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

jacoblund / Getty Images/iStockphoto
jacoblund / Getty Images/iStockphoto  

34. Advertising and Promotions Managers

  • 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

mediaphotos / iStock.
mediaphotos / iStock.  

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

Shutterstock.
Shutterstock.  

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

Chris Ryan / Getty Images
Chris Ryan / Getty Images  

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

SolStock / Getty Images
SolStock / Getty Images  

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

garetsworkshop / Shutterstock.
garetsworkshop / Shutterstock.  

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

Pressmaster / Shutterstock.
Pressmaster / Shutterstock.  

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

michaeljung / Shutterstock.
michaeljung / Shutterstock.  

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

hedgehog94 / Getty Images/iStockphoto
hedgehog94 / Getty Images/iStockphoto  

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

Shutterstock.
Shutterstock.  

25. Architectural and Engineering Managers

  • Annual salary: $158,970

  • Annual salary after federal taxes: $118,671

  • Annual income after average expenditures: $57,337

  • How long it takes to earn a million dollars: 17 years 5 months 4 days

Shutterstock.
Shutterstock.  

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

pixelfit / Getty Images
pixelfit / Getty Images  

23. Dentists, General

  • 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

DuxX / iStock.
DuxX / iStock.  

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

Shutterstock.
Shutterstock.  

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

Weekend Images Inc.
Weekend Images Inc.  

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

pedalist / Shutterstock.
pedalist / Shutterstock.  

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

Shutterstock.
Shutterstock.  

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

antoniodiaz / Shutterstock.
antoniodiaz / Shutterstock.  

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

BraunS / Getty Images
BraunS / Getty Images  

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

George Rudy / Shutterstock.
George Rudy / Shutterstock.  

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

SeventyFour / Getty Images/iStockphoto
SeventyFour / Getty Images/iStockphoto  

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

Shutterstock.
Shutterstock.  

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

Charday Penn / Getty Images
Charday Penn / Getty Images  

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

xavierarnau / Getty Images
xavierarnau / Getty Images  

11. Ophthalmologists, Except Pediatric

  • Annual salary: $270,090

  • Annual salary after federal taxes: $193,693

  • Annual income after average expenditures: $132,359

  • How long it takes to earn a million dollars: 7 years 6 months 19 days

Shutterstock.
Shutterstock.  

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

PonyWang / iStock.
PonyWang / iStock.  

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

Shutterstock.
Shutterstock.  

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

TommL / Getty Images
TommL / Getty Images  

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

Inside Creative House / Getty Images/iStockphoto
Inside Creative House / Getty Images/iStockphoto  

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

aldomurillo / Getty Images
aldomurillo / Getty Images  

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

monkeybusinessimages / Getty Images/iStockphoto
monkeybusinessimages / Getty Images/iStockphoto  

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

Shutterstock.
Shutterstock.  

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

kupicoo / Getty Images
kupicoo / Getty Images  

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

peakSTOCK / iStock.
peakSTOCK / iStock.  

1. Cardiologists

  • 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

Jordan Rosenfeld and Joel Anderson contributed to the reporting for this article. 

Methodology: To determine the jobs that can make you a millionaire before 65, GOBankingRates analyzed salary data from the Bureau of Labor Statistics; jobs used in this study have the highest mean pay as of May 2021, according to its Occupational Employment Statistics. The study takes the annual salary of each given job, subtracts Federal income taxes (FICA and Medicare taxes included) and the average cost of living in the United States, based on average annual expenditure, sourced from the Bureau of Labor Statistics' 2020 Consumer Expenditure Survey; the difference left over is then multiplied by 35, 30, and 25 years in order to find out whether that job will get you past the $1 million threshold. *Note: The majority of these jobs require additional schooling and the cost of schooling is not accounted for in the study. The study assumes that the listed salary is the salary you earn every year for the given year period. All income taxes calculated using in-house calculator using 2022 tax brackets as sourced from the Tax Foundation. All data was collected on and up to date as of June 10, 2022.

This article originally appeared on GOBankingRates.com: 45 Jobs That Can Make You a Millionaire Before Retirement

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