Money managers will tell you you need 2-3 million to retire. Mine told me I need 5-10
.
Personally, I think its a joke. Very few people will have anywhere near what is "suggested." I figure I will have enough, and am not going to worry. You can always throttle down your expenses, and sell your house... Last resort, become a burden on your kids
.
50% of the population has less than $50,000 put away for retirement.
I see some pretty big welfare states and programs coming up...
People don't save. Pensions were not a bad thing...