It is a lot of money, and the crux of this thread.
People should probably be focusing more on saving for retirement more than ever. Millennials and other working demographics are likely going to live into their 90s.
If you want to live comfortably 30-35 years after you retire, you probably are going to require an income of $150-$200k/year (remember, inflation).
To have that income, you should have amassed about $4-5million in savings.
That's the hard truth for most people who aren't inheriting anything.
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