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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You haven't commented on the comparison vs a DB pension for a couple. You continue to think that the saved retirement is exorbitant, but it is no different than the DB pension couple. Are DB pension benefits too exorbitant, or is it only unreasonable if a person saves the money themselves?