Quote:
Originally Posted by PepsiFree
My only point is that you do not, actually, need that amount of money to live "comfortably" in retirement.
It's this prevalent idea of greed, and "more" that I think is a bit distressing and why people are, overall, very bad with their money. That much money ($150k-$200k, household) is enough to live comfortably with a mortgage, two car payments, and two kids, unless you have a spending problem. If you bought too big a house, or your cars are too expensive, or whatever, it's not a lot, but if you're in that situation you're not saving $4M anyways.
I struggle to understand people who think you need $150k+ for two people to get by comfortably with bare minimum expenses. What are you spending your money on? Break it down for me, and help me understand.
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No, you don't need that much money, and no one suggested that you do. However, if retirement is 30 to 40 years, and thus a significant fraction of your life (i.e. about a 3rd of it), it is not unreasonable to hope for, and plan for, a little more than just what is required to get by comfortably.