When I run a simple case on the numbers for money needed to retire, I am not surprised. Plugging in a generous but reasonable current income of $200k, for a 35 year old, retiring at 62 on 65% current income, I get a required nest egg of more than $4M. It's not surprising that 1 in 10 people in one of the richest county's, in the richest state, in one of the richest countries are millionaires–all denominated in dollars, I might add. Now a million Euros, that's real money! ;^)
-one muggle
It will be much closer to 10million, particular if healthcare continues on the trend. There is a reason why I still brown bag some of my lunches. It's not going to look pretty 30 years from now, i fear.
