You are likely among the many who wishes to have a million-dollar in retirement account... or perhaps what if you could live with one.. We can all agree that such will go a long way.. and such can provide an abundant level of financial security. But here is the turn of events, according to financial firms (Fidelity Investments, etc), less than 2% of retirement accounts have seven-figure balances in them. But the presence of CARES ACT penalty free-withdrawal changes everything.