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I used to think $5M, but I think with inflation and by the time I retire, it will be closer to $10M.
That sounds right on to me as well. I'm in a HCOL area and don't plan on leaving. With costs going up across the board, I want as much cushion as I can give myself.
Most people probably are underestimating what they'll need. In most of those cases they're also just reflecting reality, they know they won't have millions stacked up. While I'd like to have millions, I'm not sure how possible that will be, so I'll have to fine a way to get by on whatever I can accumulate.
$10m
Depends on my age at the time, but I think I’d be most comfortable around 10 million. Especially with how inflation has been the last couple years.