I suppose it depends on the kind of retirement, but yes. Many people will need more than $1 million to retire comfortably. Should we say multi-millionaire retirement?
The broader takeaway: the “millionaire retirement” idea is outdated. The author suggests many people may realistically need closer to $2 million to $3 million, depending on location, lifestyle, healthcare needs, family support, pension income, or inheritance.
May 13
at
7:20 PM
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