You know how a million dollars used to sound like the ultimate goal? These days, it barely turns heads — especially when it comes to retirement. Now, $4 million is being tossed around as the new benchmark for a "comfortable" retirement.
But the reality is, very few Americans are anywhere near that kind of wealth. According to Federal Reserve data, to be in the top 5% of U.S. households, you'd need about $1.17 million in total net worth. The top 2% starts around $2.7 million — and to break into the top 1%, you'd need a staggering $11.6 million.
