5 hurdles holding you back from retiring a millionaire

Anyone can retire a millionaire - if you stick to smart habits and overcome a few common hurdles.

That's what financial adviser William Bernstein writes in his book, "If You Can: How Millennials Can Get Rich Slowly."

The formula may sound simple, but the execution is easier said than done.

"Bad things almost inevitably happen to people who try to save and invest for retirement on their own, and if you're going to succeed, you're going to need to avoid them," he explains. "To be precise, five bad things - hurdles, if you will - must be overcome if you are to succeed and retire successfully."

If you're striving to retire with a million in the bank, start by recognizing, and then overcoming, these five hurdles: