If you’ve ever gone to a financial planner or used a standard retirement planning calculator, you were probably horrified to learn that you’d need to save a huge amount of money – perhaps as much as $2 million – to maintain your standard of living in retirement.
Well, you can start breathing a little easier. It’s not really true.
Of course it would be nice to have that $2 million. But the belief that anything less means failure causes many people to become discouraged and give up on retirement planning altogether. And let’s get real: Most people retire with less than $2 million – some with a lot less.