Regardless of whether you’re a soon-to-be retiree or you have decades until retirement, the question of how much you need to save can be overwhelming. Staring at the likely need of over $1 million to retire feels like a big number, and it is.
Reframing the need can be helpful if you focus on the kind of lifestyle you want in retirement. A modest $50,000 lifestyle, for example, affords you room to enjoy life without skimping on everything.
