Still working on the first million, thanks
Well, since I don’t really ever plan to retire like a normal person, this may not be applicable, but apparently the [million dollars to retire goal] (https://www.thestreet.com/retirement/1-million-doesnt-cut-it-for-retirement-10701792 ) is no longer applicable according to most financial analysts. People in my age bracket should be looking to double retirement savings to $2M (Gen X::27-42). 22% of advisors suggested $3M.
Apparently, the blame lies with these online retirement calculators that often assume you’ll need 70%-80% of your work life income.
Advice is: Max contribution rate, tolerate risk while younger, and downshift to bonds as you get older.