How one man saved $1 million in 5 years -- And you can too

If you're graduating from college this spring, saving for retirement probably isn't high on your list of priorities. In fact, GOBankingRates found that saving for retirement isn't a priority for a large number of Americans. It certainly wasn't at the top of Grant Sabatier's to-do list when he graduated from the University of Chicago in 2007.

As a philosophy major entering the job market on the brink of the Great Recession, Sabatier was lucky to find work at a call center for an analytics company. The pay was pretty good, too: $42,000 a year. It was certainly enough to cover living expenses and leave him with some cash to stash in a retirement account. But Sabatier didn't save a dime.

"I spent it all," he said. "I had an opportunity to save when I was 22, but I didn't. I tried to live the life."

But he got a wake-up call two years later. After bouncing from job to job, Sabatier found himself living at home with his parents with just $2.26 in his bank account. He decided to make saving a priority.

Five years later, Sabatier had $1 million in the bank. Today, at age 32, he has about $1.35 million.

Click through to see how you too can save a million dollars for retirement.

Taylor Bell contributed to the reporting for this article.

Dubbed "The Millennial Millionaire" by CNBC, Grant Sabatier went from having $2.26 to over $1 million in five years through side hustling and investing. After reaching financial independence at the age of 30, Sabatier founded Millennial Money, where he writes about investing, personal finance, entrepreneurship and co-hosts the Millennial Money Minutes podcast.

Taylor Bell contributed to the reporting for this article.