savage123 Wrote:
Jun 27, 2013 11:52 PM
You are muddying a very very simple point Ress was making. The fact is that if you retired in 1980, you could comfortable live out the last 25 years of your life on about $250,000 in the USA. If you retire in 2013, the estimate is that you need to have a MINIMUM of $1 million in savings retire at 65 years old, and with today's monetary policy it is impossible to say how comfortable you'll be by 2038.