Even friends, (most well above the 75th percentile) whom I’d always thought were on track financially, have mentioned lately that they aren’t even close to the $1-2M+ (or the equivalent) most of us in our 50’s (more, if you’re younger) will need to retire.
When I was younger, many of my friends thought the “easy money” would last forever, but I was always concerned about what disastrous turns life might take after 50–job-wise, health-wise, financially, etc., etc.–so we planned accordingly. Thankfully, things worked out.
Hope those numbers are better the next time that report comes out.
