[oldasrocks]

That depends on lots of things. Property taxes? How much you drive. Are those figures for one person or multiple?
Our utilities run just over $200 a month, housing? A few hundred property taxes, Don’t see figures for insurance on house or vehicles which can vary a lot depending on driving records. Most health insurance covered by Medicare. We spend more than that on groceries.

[Migraine]

You’re so right. Everything in this query depends on how much you spend. So much of that is optional.

[TexasGunLover]

Absolutely. Here in Dallas, our Utilities run over $1000 in the summer, property taxes are nearly $14k a year(including school taxes). While our home is paid off, expenses are high.

[alexander_busek]

Are those figures for one person or multiple?

From the article (at bottom):

Methodology: GOBankingRates determined the number of years and months that $1,000,000 will last during retirement by multiplying the annual expenditures for someone 65 and older, sourced from [...]

Though you're right: This could have been stated more clearly, right from the start.

Regards,

[AppyPappy]

It’s also dependent on income. We have 3 pensions and a spouse on early Social Security. I’m postponing my Social Security. I will retire at the end of 2023 and go back to work somewhere just to pile up cash while I can.

My banker told me that every person he works with(clients with a net worth over $1M) had invested money in their 20’s and never stopped. My wife and I both did that.