It is possible to become a millionaire with a salary of $200,000, but it depends on various factors such as your expenses, savings rate, investment returns, and time horizon. If you are able to live below your means and save a significant portion of your income each year, you can accumulate wealth over time. For example, if you are able to save 20% of your income each year and invest it in a diversified portfolio of assets with an average annual return of 8%, it would take approximately 20 years to accumulate $1 million. However, it’s important to keep in mind that achieving a high income does not guarantee wealth accumulation. Lifestyle inflation, debt, and unexpected expenses can all impact your ability to save and invest for the long term.