For as long as I can remember $1,000,000 has been the figure that most aspire to.
Back in the early 20th century a Million was a massive sum.
Today its a bit ho hum.
So how do you determine real wealth that point at which your financially secure.
I'm 54 and told that 3 mill is the minimum for retirement for me and my financial requirements.
There are many sites around that have various calculators to determine your figures.
For someone in their 20s that could/will be way off beam when they reach my age.
How do you determine changes in amount needed.A good dose of inflation or deflation can play havoc with those who have a nest egg and those who are building one.
I remember my father retiring 30 yrs ago on $400,000 owning his property.
That then was seen as very well off---today he is on the pension and has to watch every cent.
Interested in comments and ideas or helpful links.