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Money and Finances
Reply to "Do I Need to Save More for Retirement?"
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[quote=Anonymous]I'd do some research about how much in retirement you need to have your desired monthly income. If you want to be able to spend $200k+/yr, you're not anywhere near how much money you would need. Swap your 20 yr old used cars for 2 yr old used cars and keep on saving. The 2008 financial crisis happened when I was in my late 30s and it seemed like my retirement savings didn't increase over what I had in 2007 for almost 10 yrs...point being that we're overdue for a prolonged downturn and you need a financial cushion to be ready for it. [/quote]
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