$1 Million: Too little to retire on? by TheStreet.com questions whether being a just a millionaire is enough. The article reports that many advisors recommend retirement savings of $1.5 to $3 million.
To me, the answer is, "It depends." Whether a million dollars of savings is enough may be related to other factors:
In 2009, the estimated average retirement savings was below $100,000. So even if it's not enough, a million dollars is probably a good starting place to be :-)
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This is not financial or retirement advice. Please consult a professional advisor.
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