Obviously, age is an important component to this as well. If you are 65 and a millionaire, so what, that means you have about 40K in your first year of retirement to spend plus your social security check. Looking at some quick statistics, it looked like around 25% of SD’s population is over 50. Exclude them from the dataset, and you probably don’t have a ton of people with a boatload of money to spend today.
If you are 25 and have a million bucks in the bank, good on ya!
