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Really depends on several factors, your standard of living in retirement, your cost of living in retirement, your health, and how long you expect to be in retirement. IMO, the number can vary widely, and I have been using a spreadsheet for the last several year to track my income, expenses, and investments. My number is trending to between 4-5M USD, but as I said, it can be higher or lower for others.
Another thing you may want to consider when making your calculations is average life expectancy. Since women tend to live longer than men, many financial advisors suggest that women should be saving a bit more for retirement (in addition to the gender pay gap).
9M. I like it.
It depends on your standard of living in retirement as you said
For a ballpark lower bound, I like using the nerdwallet retirement calculator. Put in as much info as you can and pay attention to the assumptions they make about inflation, etc. I also increase the life expectancy by about 10-15 years more than what I actually expect and decrease the target retirement age by a few years in case of unexpected/forced early retirement. https://www.nerdwallet.com/investing/retirement-calculator All that being said, I’m also v interested to hear what others are targeting and how they arrived at that number!