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[quote=Anonymous]in DC even blue collar people have five million at retirement. I think soon the new number will be 10 million to retire.

Look 15 years ago in 2010 million dollar 401ks and Million dollar brokerage accounts were very rare and you get top service, private banking and you were one of very few customers to hit that number.

Today is 2025 million dollars 401ks and Brokerage accounts are a dime a dozen, no one cares. A kid with an robinhood account can one million by 30 and a Fed in the C fund can hit it in their account by 40 easily, maybe sooner.

So flash forward to 15 years forward to 2040. 5 million will be new number and by 2055 it will be 10 million.

Someone retiring today at 50 with 2 million by the age of 85 will be eating dog food.

Kids today are starting out at 100K out of college and MBAs or law degrees are tarting out at 200k. My daughter started out of college at 90K her BF got lucky and got 120K. So as a couple (they broke up a year later_ were making 210K a year at 21 and living at home.

My 86 year old MIL almost choked on her food last week when my teenage daughter told her she is making $16 an hour at her camp job. That was her rate per hour when she retired at 60 .[/quote]

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