BANGALORE: “Age Is Just a Number: Achieve Your Dreams at Any Stage in Your Life,”  is the title of the famous book written by legendary Olympic gold medalist, Dara Torres that gives a motivational and inspirational memoir for pursuing your dreams.

So what if you’re above 70? You can still make million dollars! If you are entering your 70s and have scant savings, you probably would have packed up fantasies of great wealth. But is the dream really over?  If you are eager to note, then here are 4 ways how to make millions even when you turn in your 70s, as compiled by bankrate.com.

#1. Invest aggressively

It's Never Too Late to Save. If you are already saving, keep going! You know that saving is a rewarding habit. If you're not saving, it's time to get started. Start small if you have to and try to increase the amount you save each month. Make saving after retirement a priority. Work out a plan, stick to it, and set goals. It is quite possible to comfortably save millions after you retire.

James Twining, founder of Financial Plan in Bellingham, Wash, has run the numbers. He figures a 70-year-old, starting with nothing would need to invest $2,393 a month at an annually compounded rate of 10 percent per year to earn a cool $1 million by age 85.

"The equity markets have indeed returned an average of 10 percent per year since 1926," he said. "So, it is not unreasonable."

Older investors wishing to get rich sooner may be tempted to gamble on high-stakes stock picks. But such a strategy actually decreases the odds of success, Twining said.

"The biggest challenge will be to resist the temptation to take risks by concentrating the portfolio—attempting to pick winners, or to time the market," he said.

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