Well, since I don’t really ever plan to retire like a normal person, this may not be applicable, but apparently the “million to retire” goal is no longer applicable according to most financial analysts.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.