I'm 23 years old right now and I want to figure out the best way to go about retiring a millionaire. I'm not sure what to do though because there seems to be a lot of different ways to go about it. Someone told me that I could just open a savings account at my bank and put $7,000 - $10,000 a year into it and easily retire a millionaire. What about IRAs, annuities, etc.? Would that be better than a savings account? I just don't want to end up like my parents, who are in debt and barely staying above water.