Financial Advice: I am not a financial advisor, but feel most people live beyond their means and don't plan for retirement. I feel everyone has the opportunity to achieve financial success if they are willing to go through the hard work needed! Financial success is not how much money you have, but the lifestyle to achieve your goal through a lifetime of saving and living within your means! Your goal should be to have at least 6 - 12 months of your monthly expenditures in savings, investing at least 20% of your net income, and work to have zero debt. In order to retire comfortably you should have no debt, and at least 10-15 times your annual budget. A more accurate way to figure it out is to take your annual budget (which still need to have a savings factor), and multiply it by 25 (x33.335 if 3%). Then, assuming that you are earning a minimum of 4% on your investments, subtract $250,000 for each $10,000 (if 3%, $300,00 for each $9000) of your retirement income from Social Security, and/or a pension [e.g. Annual budget = $60,000, times 25 = $1,500,000. Your retirement income = $40,000/year, which is equivalent to $1,000,000 of investments (at 4%). Now subtract the $1,000,000 from the total $1,500,000 needed for retirement. That means you need to have at least $500,000 minimum of investments earning at least 4% to have a -4% annual draw of $20,000/year to supplement your retirement income]. This should give you a comfortable retirement and leave a legacy to your heirs. I didn't say it would be easy, but feel that should be your financial goal to achieve financial success in retirement. Of course more savings is always better and you have to consider having enough in retirement for your spouse when you die, or if you can't get 4% of dividends/interest from your investments.