phaster, I guess I agree with the article, that 5 mil might be the tipping point where people do not feel constrained but 1 mil, no way. We all have our own strategies but hypothetically if a person wanted 15k monthly in perpetuity plus 3% inflation for retirement they would not feel wealthy without restraints but they might feel comfortable if they had between 1 and 3 mil. Depending on the website and the calculator you use, you need about 2 mil to make that happen. So I’m not surprised 70% of those with 1 mil and up don’t feel wealthy without spending constraints. Plus most people who save more than 1 mil did so with constraints that they will not readily part with despite the number on their statement.