“Truth is if you do not have at least 1 million in your 401k at retirement you will not have a good retirement, you will have a future at McDonald’s or Walmart, which is why so many retirement age people work there now.”
Not true. We only have $100k in a 401k and we have a very comfortable retirement.
I was going to say the same thing, probably less than 1% of the retired population has at least one million dollars in their 401K and those working will likely never have 1 million dollars in their 401K, you can have a nice retirement on far less than 1 million dollars.
Stay out debt, pay off your mortgage as soon as possible, and pay attention where you spend your money and you can live comfortably.
So $3 million in a regular brokerage account doesn’t count?
Then you are not depending on y0ur 401k for a retirement which is kind of the premise to this thread. I never said it is the only way to retire, I am working with the premise of those would are depending on a 401K and SS only to retire, which is many folks.