Looks like you have paid attention to building a net worth* and what income it will generate. It's true a million dollars ain't what it used to be. But, if you follow the 4% rule and add in a husband and wife's SS, you're looking at $75,000 a year. For me that's more than comfortable. Less than 5% of the population has a net worth over $1.4 Million. Interestingly, 50% of the population has a net worth of under $57,000.
Here is an article showing what has happened to wealth in the last 10 years. It has a chart of wealth of American households.
Here's where I started to get that pdf.
Mikek
- net worth calculated as, the total value of all financial and real assets minus debts.