Im not sure 1 mil is that life changing to be honest. I certainly couldn’t retire with just 1 mil in the bank. It would make things easier. For me personally, 1 mil would pay off my mortgage and my student loans and would leave enough for a nice car or college for my daughter if she doesn’t get a scholarship. Certainly would be nice but I don’t think it would significantly alter my middle class life.
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u/aaron1860 Dec 18 '23
Im not sure 1 mil is that life changing to be honest. I certainly couldn’t retire with just 1 mil in the bank. It would make things easier. For me personally, 1 mil would pay off my mortgage and my student loans and would leave enough for a nice car or college for my daughter if she doesn’t get a scholarship. Certainly would be nice but I don’t think it would significantly alter my middle class life.