I guess my point, is that if you have NO OTHER retirment you need far less than $2 million in cash. You need $2 million worth of retirement.
Of course, you need to adjust for inflation and what not.
But if you have been moderately prudent, you will be better off than our parents.
The key is to keep your eye on the ball. You do NOT need that third TV in the house. You do NOT need pizza a second night of the week.
but, but, some people today think the 5th TV is a necessity. Along with a cable package including HBO, Showtime, and God knows what other pay cable channels.
And some people eat out 4 nigghts a week, necessity of life for some.
And you gotta have a new leased car every 2 years.
Of coruse I’m being sarcastic.