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I've been constantly put off by magazines like Forbe's that insist that people need several million dollars to have a decent retirement. Lots of people in this country can only dream of ever seeing a million dollars, yet they manage to live without either starving to death or feeling overly deprived.

It depends when you retire. If you retire after 65 when you have Medicare, Social Security, and, it is to be hoped, a paid-off home you can get by on less.

If you want to retire at 50 it's going to cost you a lot more. I wouldn't think of retiring now with less than two or three million stashed away.
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